Markel Group Inc. $MKL Stake Cut by Scharf Investments LLC

Scharf Investments LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,203 shares of the insurance provider’s stock after selling 6,143 shares during the quarter. Markel Group comprises approximately 4.0% of Scharf Investments LLC’s portfolio, making the stock its 7th largest holding. Scharf Investments LLC owned about 0.55% of Markel Group worth $148,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MKL. Brighton Jones LLC acquired a new stake in shares of Markel Group during the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Markel Group by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 13 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after acquiring an additional 3,083 shares during the last quarter. Empowered Funds LLC lifted its position in Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after acquiring an additional 137 shares during the period. Finally, Prudential Financial Inc. lifted its position in Markel Group by 39.5% during the 2nd quarter. Prudential Financial Inc. now owns 1,025 shares of the insurance provider’s stock worth $2,047,000 after acquiring an additional 290 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MKL shares. Truist Financial boosted their target price on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a report on Friday. Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Brean Capital assumed coverage on shares of Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Markel Group presently 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 on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This trade 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. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Up 1.3%

MKL opened at $1,911.84 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50 day simple moving average of $2,008.73 and a 200-day simple moving average of $2,021.03. The stock has a market capitalization of $24.04 billion, a P/E ratio of 11.26 and a beta of 0.77. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59.

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.