Boston Partners Has $563.46 Million Position in Markel Group Inc. $MKL

Boston Partners lowered its holdings in Markel Group Inc. (NYSE:MKL) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,151 shares of the insurance provider’s stock after selling 7,111 shares during the period. Boston Partners’ holdings in Markel Group were worth $563,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Markel Group by 13.2% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Markel Group by 6.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after acquiring an additional 732 shares during the period. Ervin Investment Management LLC boosted its holdings in shares of Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after acquiring an additional 6,574 shares during the period. Southeast Asset Advisors LLC boosted its holdings in shares of Markel Group by 26.8% during the third quarter. Southeast Asset Advisors LLC now owns 2,575 shares of the insurance provider’s stock worth $4,922,000 after acquiring an additional 545 shares during the period. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of Markel Group by 77.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after acquiring an additional 679 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 908.1%

Shares of NYSE:MKL opened at $1,844.91 on Friday. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 13.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50-day moving average is $1,866.13 and its 200-day moving average is $1,989.99. Markel Group Inc. has a 1 year low of $182.19 and a 1 year high of $2,207.59.

Markel Group (NYSE:MKL) last released 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 company had revenue of $3.55 billion during 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%. Equities research analysts predict that Markel Group Inc. will post 113.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane Leopold acquired 50 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the acquisition, the director owned 550 shares of the company’s stock, valued at approximately $984,054.50. This represents a 10.00% 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.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial decreased 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. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective for the company. Finally, Weiss Ratings downgraded Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2,025.00.

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.