Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in Markel Group Inc. $MKL

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,484 shares of the insurance provider’s stock after buying an additional 732 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Markel Group were worth $26,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its position in Markel Group by 11.0% during the fourth quarter. QRG Capital Management Inc. now owns 435 shares of the insurance provider’s stock worth $935,000 after buying an additional 43 shares during the period. Benjamin Edwards Inc. lifted its position in Markel Group by 10.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,363 shares of the insurance provider’s stock worth $2,930,000 after buying an additional 130 shares during the period. Davis Selected Advisers lifted its position in Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares during the period. Fifth Third Bancorp lifted its position in Markel Group by 7.7% during the fourth quarter. Fifth Third Bancorp now owns 195 shares of the insurance provider’s stock worth $419,000 after buying an additional 14 shares during the period. Finally, Jennison Associates LLC lifted its position in Markel Group by 7.9% during the fourth quarter. Jennison Associates LLC now owns 73,199 shares of the insurance provider’s stock worth $157,352,000 after buying an additional 5,346 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MKL has been the topic of several recent analyst reports. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Truist Financial reduced their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Finally, Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Insider Transactions at Markel Group

In related news, Director Diane Leopold bought 50 shares of the stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the purchase, the director owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Simon Wilson sold 100 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is currently owned by company insiders.

Markel Group Price Performance

MKL stock opened at $1,810.91 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The firm has a market cap of $22.65 billion, a P/E ratio of 13.05 and a beta of 0.67. The stock has a 50-day simple moving average of $1,931.50 and a 200-day simple moving average of $2,017.25.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.66 billion. On average, equities analysts predict that Markel Group Inc. will post 113.77 earnings per share for the current fiscal year.

About Markel Group

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.