Polar Capital Holdings Plc Sells 1,500 Shares of Markel Group Inc. $MKL

Polar Capital Holdings Plc reduced its position in Markel Group Inc. (NYSE:MKL) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,000 shares of the insurance provider’s stock after selling 1,500 shares during the quarter. Polar Capital Holdings Plc’s holdings in Markel Group were worth $165,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its stake in shares of Markel Group by 314.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 178 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 135 shares during the last quarter. Needham Investment Management LLC increased its position in Markel Group by 7.8% during the 4th quarter. Needham Investment Management LLC now owns 6,225 shares of the insurance provider’s stock valued at $13,382,000 after buying an additional 450 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Markel Group by 9.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,044 shares of the insurance provider’s stock worth $2,244,000 after acquiring an additional 94 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Markel Group by 1.6% in the 4th quarter. Verition Fund Management LLC now owns 1,250 shares of the insurance provider’s stock valued at $2,687,000 after purchasing an additional 20 shares during the last quarter. Finally, MLP3 LLC acquired a new position in Markel Group during the 4th quarter valued at approximately $729,000. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Markel Group news, Director Diane Leopold bought 50 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director directly owned 550 shares in the company, valued at $984,054.50. The trade was a 10.00% increase 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, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. The trade was a 10.54% decrease in their position. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by company insiders.

Markel Group Stock Up 1.6%

NYSE MKL opened at $1,883.55 on Wednesday. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The business has a fifty day moving average price of $1,865.00 and a 200 day moving average price of $1,986.68. The company has a market cap of $23.56 billion, a P/E ratio of 13.57 and a beta of 0.67.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (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 $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Research analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Brean Capital initiated coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial lowered their price objective 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. Finally, Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.