Markel Group Inc. $MKL Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Markel Group Inc. (NYSE:MKL) by 4.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,655 shares of the insurance provider’s stock after buying an additional 6,039 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Markel Group were worth $247,801,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MKL. Clearstead Trust LLC grew its stake in shares of Markel Group by 180.0% during the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares during the period. GoalVest Advisory LLC purchased a new position in shares of Markel Group during the 3rd quarter valued at approximately $38,000. Hemington Wealth Management lifted its stake in shares of Markel Group by 35.3% in the 3rd quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Markel Group by 316.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25 shares of the insurance provider’s stock worth $48,000 after buying an additional 19 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Markel Group by 35.0% during the second quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock worth $54,000 after buying an additional 7 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares of the company’s stock, valued at $127,927,036.16. The trade was 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 company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer 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. Company insiders own 1.66% of the company’s stock.

Markel Group Price Performance

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

Analyst Upgrades and Downgrades

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