Sunbelt Securities Inc. Purchases 1,130 Shares of Markel Group Inc. $MKL

Sunbelt Securities Inc. lifted its holdings in Markel Group Inc. (NYSE:MKL) by 672.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,298 shares of the insurance provider’s stock after purchasing an additional 1,130 shares during the period. Sunbelt Securities Inc.’s holdings in Markel Group were worth $2,481,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group during the third quarter worth approximately $29,000. GoalVest Advisory LLC acquired a new stake in shares of Markel Group in the third quarter worth $38,000. Kelleher Financial Advisors acquired a new stake in shares of Markel Group in the third quarter worth $38,000. Hemington Wealth Management increased its position in Markel Group by 35.3% during the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 6 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Markel Group by 53.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 23 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,964.62 on Wednesday. The firm has a market cap of $24.71 billion, a P/E ratio of 11.57 and a beta of 0.77. The firm’s 50-day simple moving average is $2,050.39 and its 200-day simple moving average is $2,024.65. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month 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

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

Insider Buying and Selling

In other Markel Group news, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

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.