Illinois Municipal Retirement Fund Sells 777 Shares of Markel Group Inc. $MKL

Illinois Municipal Retirement Fund lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,409 shares of the insurance provider’s stock after selling 777 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Markel Group were worth $18,009,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in Markel Group in the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac bought a new stake in Markel Group during the fourth quarter worth about $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Markel Group during the third quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Markel Group in the fourth quarter valued at approximately $32,000. 77.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Wolfe Research initiated coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating for the company. Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Truist Financial reduced their price objective on 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. Finally, Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Insider Buying and Selling at Markel Group

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

Markel Group Trading Down 0.9%

Shares of NYSE MKL opened at $1,925.90 on Thursday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a 50-day moving average of $1,871.79 and a two-hundred day moving average of $1,958.35. The company has a market cap of $24.09 billion, a PE ratio of 13.88 and a beta of 0.66. 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 released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). The company had revenue of $3.55 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%. As a group, equities analysts expect that Markel Group Inc. will post 114.11 earnings per share 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.