Markel Group Inc. $MKL Stock Position Increased by Lincoln Capital LLC

Lincoln Capital LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.5% in the first quarter, Holdings Channel reports. The institutional investor owned 18,181 shares of the insurance provider’s stock after purchasing an additional 779 shares during the period. Markel Group accounts for approximately 6.6% of Lincoln Capital LLC’s portfolio, making the stock its 3rd biggest position. Lincoln Capital LLC’s holdings in Markel Group were worth $34,794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MKL. Valley National Advisers Inc. bought a new position in shares of Markel Group during the fourth quarter valued at $25,000. Fideuram Asset Management Ireland dac bought a new position in Markel Group during the 4th quarter valued at about $26,000. Reflection Asset Management purchased a new stake in shares of Markel Group during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group during the third quarter valued at approximately $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in Markel Group during the 4th quarter valued at $32,000. 77.12% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

Markel Group Price Performance

NYSE:MKL traded up $0.11 on Friday, reaching $1,949.55. 44,198 shares of the company’s stock traded hands, compared to its average volume of 73,669. The stock has a 50-day simple moving average of $1,861.64 and a 200-day simple moving average of $1,964.93. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The firm has a market cap of $24.39 billion, a PE ratio of 14.05 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share 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 business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. Equities research analysts forecast that Markel Group Inc. will post 114.11 earnings per share 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.