337 Shares in Markel Group Inc. $MKL Acquired by Steelhead Wealth Management LLC

Steelhead Wealth Management LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 337 shares of the insurance provider’s stock, valued at approximately $645,000.

Several other institutional investors have also recently bought and sold shares of MKL. Valley National Advisers Inc. bought a new position in shares of Markel Group in the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group in the 4th quarter valued at about $26,000. Reflection Asset Management bought a new position in shares of Markel Group in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Markel Group in the third quarter worth about $29,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Markel Group during the fourth quarter worth approximately $32,000. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Diane Leopold bought 100 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were bought at an average price of $1,792.61 per share, with a total value 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 trade represents a 4.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is owned by company insiders.

Markel Group Price Performance

MKL opened at $1,882.00 on Monday. The company has a fifty day moving average price of $1,902.13 and a two-hundred day moving average price of $1,942.96. The firm has a market capitalization of $23.32 billion, a PE ratio of 10.35 and a beta of 0.66. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Wolfe Research began coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Truist Financial cut their price target on 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. Finally, Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $2,025.00.

Markel Group Company 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.