PNC Financial Services Group Inc. Acquires 256 Shares of Markel Group Inc. $MKL

PNC Financial Services Group Inc. raised its holdings in Markel Group Inc. (NYSE:MKL) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,732 shares of the insurance provider’s stock after purchasing an additional 256 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Markel Group were worth $10,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MKL. Davis Selected Advisers raised its stake in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the period. Select Equity Group L.P. grew its position in Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares during the period. State Street Corp increased its holdings in Markel Group by 2.1% during the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after buying an additional 6,160 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its holdings in Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after buying an additional 23,631 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Markel Group by 5.9% in the third quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock worth $292,627,000 after acquiring an additional 8,539 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Diane Leopold purchased 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 directly owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.08% of the company’s stock.

Markel Group Trading Up 1.8%

Shares of MKL opened at $1,995.96 on Friday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The business has a 50-day moving average of $1,891.27 and a 200 day moving average of $1,950.21. The firm has a market cap of $24.97 billion, a P/E ratio of 14.38 and a beta of 0.66. 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). The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, research analysts forecast that Markel Group Inc. will post 114.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MKL shares. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Wolfe Research started coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average 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.