Calamos Advisors LLC Purchases New Stake in Markel Group Inc. $MKL

Calamos Advisors LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 402 shares of the insurance provider’s stock, valued at approximately $769,000.

Other large investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in shares of Markel Group in the 4th quarter worth $25,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Markel Group during the 4th quarter worth $26,000. Reflection Asset Management acquired a new position in shares of Markel Group during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group during the 3rd quarter valued at about $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at about $32,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,959.41 on Friday. The stock’s 50-day simple moving average is $1,875.01 and its 200-day simple moving average is $1,956.79. The firm has a market capitalization of $24.51 billion, a PE ratio of 14.12 and a beta of 0.66. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week 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.

Markel Group (NYSE:MKL) last announced its quarterly 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). The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, equities research analysts forecast that Markel Group Inc. will post 114.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 76 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Diane Leopold bought 100 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the transaction, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of several recent analyst reports. Truist Financial cut their price objective on shares of 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. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Brean Capital began coverage on shares of Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target for the company. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings downgraded 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 and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group 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.