Picton Mahoney Asset Management Buys New Position in Markel Group Inc. $MKL

Picton Mahoney Asset Management bought a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 395 shares of the insurance provider’s stock, valued at approximately $754,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC boosted its holdings in shares of Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 9 shares in the last quarter. GoalVest Advisory LLC bought a new stake in Markel Group during the third quarter worth approximately $38,000. Hemington Wealth Management lifted its position in Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 6 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Markel Group by 316.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 19 shares during the period. Finally, State of Wyoming boosted its stake in Markel Group by 35.0% during the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 7 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 1.8%

MKL stock opened at $1,983.75 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.60. The firm has a market capitalization of $24.96 billion, a P/E ratio of 11.69 and a beta of 0.77. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59. The company’s 50 day simple moving average is $2,078.10 and its 200-day simple moving average is $2,024.74.

Insider Buying and Selling at Markel Group

In other news, 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 value of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Truist Financial lifted their target price on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2,100.00.

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.