LGT Fund Management Co Ltd. Boosts Stock Position in Markel Group Inc. $MKL

LGT Fund Management Co Ltd. grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 93.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 767 shares of the insurance provider’s stock after purchasing an additional 370 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Markel Group were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in Markel Group by 2.1% during the third quarter. Russell Investments Group Ltd. now owns 21,094 shares of the insurance provider’s stock valued at $40,298,000 after buying an additional 433 shares during the period. Heritage Wealth Advisors raised its position in Markel Group by 32.8% in the third quarter. Heritage Wealth Advisors now owns 8,052 shares of the insurance provider’s stock worth $15,390,000 after acquiring an additional 1,987 shares during the period. Parallel Advisors LLC raised its position in Markel Group by 3.5% in the third quarter. Parallel Advisors LLC now owns 2,856 shares of the insurance provider’s stock worth $5,459,000 after acquiring an additional 97 shares during the period. Korea Investment CORP boosted its stake in Markel Group by 1.4% in the third quarter. Korea Investment CORP now owns 8,079 shares of the insurance provider’s stock valued at $15,442,000 after acquiring an additional 111 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its stake in Markel Group by 1.1% in the third quarter. Modern Wealth Management LLC now owns 1,511 shares of the insurance provider’s stock valued at $2,888,000 after acquiring an additional 17 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 1.8%

MKL opened at $1,983.75 on Monday. The company has a 50 day moving average of $2,078.10 and a 200 day moving average of $2,025.12. The company has a market cap of $24.96 billion, a PE ratio of 11.69 and a beta of 0.77. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the stock in a transaction on 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 sale, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven A. Markel sold 1,330 shares of the firm’s 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 transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 1.66% of the company’s stock.

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.