Southeast Asset Advisors LLC Increases Stock Position in Markel Group Inc. $MKL

Southeast Asset Advisors LLC raised its position in Markel Group Inc. (NYSE:MKL) by 26.8% during the third quarter, Holdings Channel.com reports. The fund owned 2,575 shares of the insurance provider’s stock after purchasing an additional 545 shares during the quarter. Southeast Asset Advisors LLC’s holdings in Markel Group were worth $4,922,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Markel Group during the 4th quarter valued at about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after buying an additional 13 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC raised its holdings in shares of Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after acquiring an additional 137 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Markel Group by 26.4% during the second quarter. CWM LLC now owns 488 shares of the insurance provider’s stock valued at $975,000 after acquiring an additional 102 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Truist Financial raised their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Insider Buying and Selling

In other news, Director Steven A. Markel sold 1,330 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the sale, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at approximately $3,669,103.80. This represents a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,575 shares of company stock worth $3,330,900. Insiders own 1.66% of the company’s stock.

Markel Group Trading Down 1.0%

Shares of NYSE MKL opened at $2,060.89 on Monday. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50-day moving average of $2,104.99 and a 200 day moving average of $2,012.85. The stock has a market cap of $25.99 billion, a P/E ratio of 12.14 and a beta of 0.79.

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.