Rathbones Group PLC Increases Position in Markel Group Inc. $MKL

Rathbones Group PLC increased its holdings in Markel Group Inc. (NYSE:MKL) by 67.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,616 shares of the insurance provider’s stock after acquiring an additional 1,053 shares during the period. Rathbones Group PLC’s holdings in Markel Group were worth $5,007,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Markel Group during the fourth quarter worth $317,583,000. Select Equity Group L.P. increased its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers raised its stake in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after buying an additional 23,631 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Markel Group news, Director Diane Leopold purchased 50 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Markel Group Stock Down 0.3%

Shares of NYSE MKL opened at $1,876.99 on Tuesday. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The business’s fifty day moving average price is $1,902.48 and its 200-day moving average price is $1,941.43. The stock has a market capitalization of $23.26 billion, a PE ratio of 10.32 and a beta of 0.66.

Markel Group Company 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.