Heritage Wealth Advisors Buys 1,987 Shares of Markel Group Inc. $MKL

Heritage Wealth Advisors increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 32.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,052 shares of the insurance provider’s stock after buying an additional 1,987 shares during the quarter. Heritage Wealth Advisors owned about 0.06% of Markel Group worth $15,390,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MKL. Fidelis Capital Partners LLC lifted its position in shares of Markel Group by 3.4% during the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock valued at $352,000 after acquiring an additional 6 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Markel Group by 1.8% in the second quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock worth $692,000 after purchasing an additional 6 shares during the period. East Coast Asset Management LLC. increased its position in shares of Markel Group by 0.3% in the second quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock worth $4,334,000 after purchasing an additional 6 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in Markel Group by 5.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 6 shares in the last quarter. Finally, Hemington Wealth Management raised its stake in Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of several recent analyst reports. Truist Financial upped 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 research report on Friday, February 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus price target of $2,100.00.

Markel Group Trading Down 1.8%

Shares of MKL stock opened at $1,983.75 on Friday. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The stock’s fifty day moving average price is $2,078.10 and its two-hundred day moving average price is $2,024.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.63. The company has a market cap of $24.96 billion, a PE ratio of 11.69 and a beta of 0.77.

Insider Transactions at Markel Group

In other news, CEO Simon Wilson sold 100 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.66% of the company’s stock.

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.