CenterBook Partners LP Lowers Stock Holdings in Markel Group Inc. $MKL

CenterBook Partners LP lessened its stake in Markel Group Inc. (NYSE:MKL) by 53.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 446 shares of the insurance provider’s stock after selling 505 shares during the period. CenterBook Partners LP’s holdings in Markel Group were worth $959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Canerector Inc. lifted its position in Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after acquiring an additional 10,698,016 shares during the period. Vanguard Group Inc. increased its holdings in shares of Markel Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock valued at $2,242,020,000 after purchasing an additional 5,184 shares during the period. Davis Selected Advisers raised its stake in shares of Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Markel Group by 2.1% during the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after purchasing an additional 6,160 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MKL. Weiss Ratings lowered shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Truist Financial dropped their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2,025.00.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Diane Leopold acquired 100 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the purchase, the director owned 2,190 shares in the company, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

MKL opened at $1,819.46 on Thursday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The stock has a market cap of $22.76 billion, a P/E ratio of 13.11 and a beta of 0.67. The stock’s 50 day simple moving average is $1,868.89 and its 200 day simple moving average is $1,992.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current fiscal 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.