Quantinno Capital Management LP Boosts Holdings in Markel Group Inc. $MKL

Quantinno Capital Management LP raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 48.5% in the first quarter, Holdings Channel reports. The institutional investor owned 4,341 shares of the insurance provider’s stock after acquiring an additional 1,417 shares during the period. Quantinno Capital Management LP’s holdings in Markel Group were worth $8,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Markel Group during the 4th quarter worth $317,583,000. Select Equity Group L.P. raised its holdings in Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the period. Davis Selected Advisers raised its holdings in Markel Group by 11.1% in 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. Northwestern Mutual Wealth Management Co. lifted its position in Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position 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 valued at $440,379,000 after purchasing an additional 23,631 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. 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. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Markel Group has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Markel Group Stock Up 0.5%

Shares of MKL opened at $1,888.19 on Wednesday. The business’s 50 day moving average is $1,903.08 and its 200 day moving average is $1,939.97. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The company has a market capitalization of $23.39 billion, a PE ratio of 10.38 and a beta of 0.66.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group 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 sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Diane Leopold purchased 50 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director owned 550 shares in the company, valued at approximately $984,054.50. This represents a 10.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.08% of the company’s stock.

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.