Ethic Inc. Acquires 407 Shares of Markel Group Inc. $MKL

Ethic Inc. increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 35.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,556 shares of the insurance provider’s stock after acquiring an additional 407 shares during the quarter. Ethic Inc.’s holdings in Markel Group were worth $3,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. Brighton Jones LLC bought a new position in Markel Group during the fourth quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 13 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after acquiring an additional 3,083 shares in the last quarter. Empowered Funds LLC boosted its stake in Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after acquiring an additional 137 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Markel Group in the 2nd quarter valued at about $463,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

Shares of MKL stock opened at $1,838.78 on Tuesday. The firm’s 50-day simple moving average is $1,921.64 and its two-hundred day simple moving average is $2,016.10. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The firm has a market cap of $23.00 billion, a price-to-earnings ratio of 13.25 and a beta of 0.67. 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 (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.66 billion. As a group, equities analysts forecast that Markel Group Inc. will post 113.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Diane Leopold purchased 100 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the transaction, the director directly owned 2,190 shares in the company, valued at approximately $3,925,815.90. This represents a 4.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Simon Wilson sold 100 shares of the company’s 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 sale, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MKL. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Truist Financial decreased their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2,025.00.

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.