Hsbc Holdings PLC Raises Holdings in Markel Group Inc. $MKL

Hsbc Holdings PLC grew its position in shares of Markel Group Inc. (NYSE:MKL) by 54.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 28,697 shares of the insurance provider’s stock after acquiring an additional 10,143 shares during the period. Hsbc Holdings PLC’s holdings in Markel Group were worth $54,918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in Markel Group during the 4th quarter worth approximately $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group during the fourth quarter worth approximately $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group in the fourth quarter worth $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Markel Group in the fourth quarter worth $32,000. Finally, Basepoint Wealth LLC purchased a new stake in Markel Group during the 4th quarter worth $32,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares in the company, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane Leopold bought 100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the transaction, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wolfe Research began coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $2,025.00.

Markel Group Stock Up 0.4%

Shares of NYSE:MKL opened at $1,980.87 on Tuesday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company’s fifty day moving average is $1,881.04 and its two-hundred day moving average is $1,953.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 14.27 and a beta of 0.66.

Markel Group (NYSE:MKL) last issued its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Equities analysts anticipate that Markel Group Inc. will post 114.11 EPS for the current year.

Markel Group Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.