UBS Group AG Lowers Position in Markel Group Inc. $MKL

UBS Group AG cut its stake in Markel Group Inc. (NYSE:MKL) by 46.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,691 shares of the insurance provider’s stock after selling 27,635 shares during the quarter. UBS Group AG’s holdings in Markel Group were worth $68,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC raised its stake in shares of Markel Group by 1.7% in the fourth quarter. Sanctuary Advisors LLC now owns 2,416 shares of the insurance provider’s stock worth $5,194,000 after purchasing an additional 40 shares during the last quarter. Argyle Capital Management LLC purchased a new stake in shares of Markel Group in the fourth quarter worth approximately $215,000. Solidarity Wealth LLC raised its stake in shares of Markel Group by 4.9% in the fourth quarter. Solidarity Wealth LLC now owns 6,143 shares of the insurance provider’s stock worth $13,206,000 after purchasing an additional 288 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Markel Group by 3.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 714 shares of the insurance provider’s stock valued at $1,535,000 after acquiring an additional 26 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Markel Group by 10.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 527 shares of the insurance provider’s stock valued at $1,132,000 after acquiring an additional 50 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MKL. Truist Financial reduced their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Brean Capital began coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus target price of $2,025.00.

Insider Activity

In other Markel Group news, CEO Simon Wilson sold 100 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares in the company, valued at $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 SEC, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,751.45 on Tuesday. The stock has a fifty day simple moving average of $1,948.66 and a two-hundred day simple moving average of $2,019.64. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 12.62 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. Analysts anticipate that Markel Group Inc. will post 117.52 earnings per share for the current year.

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.