Markel Group Inc. $MKL Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 7.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,151 shares of the insurance provider’s stock after purchasing an additional 452 shares during the period. Pictet Asset Management Holding SA’s holdings in Markel Group were worth $11,773,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Poehling Capital Management INC. increased its position in Markel Group by 1.6% in the 1st quarter. Poehling Capital Management INC. now owns 13,433 shares of the insurance provider’s stock valued at $25,712,000 after acquiring an additional 211 shares during the period. GHP Investment Advisors Inc. lifted its position in Markel Group by 3.6% during the 1st quarter. GHP Investment Advisors Inc. now owns 3,589 shares of the insurance provider’s stock worth $6,870,000 after acquiring an additional 126 shares during the period. Ritholtz Wealth Management lifted its position in Markel Group by 41.7% during the 1st quarter. Ritholtz Wealth Management now owns 476 shares of the insurance provider’s stock worth $911,000 after acquiring an additional 140 shares during the period. Strategent Financial LLC grew its stake in shares of Markel Group by 6.9% in the 1st quarter. Strategent Financial LLC now owns 809 shares of the insurance provider’s stock valued at $1,548,000 after purchasing an additional 52 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new position in shares of Markel Group in the first quarter valued at approximately $5,918,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

NYSE MKL opened at $1,978.80 on Friday. The business has a 50 day moving average price of $1,852.99 and a 200 day moving average price of $1,971.72. The company has a market capitalization of $24.75 billion, a P/E ratio of 14.26 and a beta of 0.66. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Sell-side analysts expect that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MKL shares. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Brean Capital started coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Wolfe Research began coverage on Markel Group in a research report on Wednesday. They issued an “underperform” rating for the company. Truist Financial cut their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $2,025.00.

Insiders Place Their Bets

In related news, Director Diane Leopold bought 50 shares of the stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the acquisition, the director owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

About Markel Group

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.