Mitsubishi UFJ Trust & Banking Corp Has $59.38 Million Stock Holdings in Markel Group Inc. $MKL

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Markel Group Inc. (NYSE:MKL) by 16.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,067 shares of the insurance provider’s stock after selling 6,266 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Markel Group were worth $59,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. LGT Fund Management Co Ltd. acquired a new position in Markel Group during the 2nd quarter worth approximately $793,000. Osaic Holdings Inc. grew its stake in shares of Markel Group by 121.2% during the second quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock worth $5,705,000 after buying an additional 1,563 shares during the last quarter. OLD National Bancorp IN acquired a new position in shares of Markel Group during the second quarter worth $310,000. Rakuten Investment Management Inc. acquired a new position in shares of Markel Group during the third quarter worth $46,738,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Markel Group by 5.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 4,017 shares of the insurance provider’s stock valued at $8,023,000 after acquiring an additional 203 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

In other news, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total value of $155,470.50. Following the transaction, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,575 shares of company stock valued at $3,330,900. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Down 1.0%

Shares of MKL opened at $2,025.71 on Friday. The company has a market capitalization of $25.54 billion, a PE ratio of 12.68 and a beta of 0.80. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The stock’s 50-day moving average price is $2,105.42 and its two-hundred day moving average price is $2,007.63. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. On average, analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MKL shares. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. TD Cowen restated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Finally, Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2,025.00.

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.