California Public Employees Retirement System Sells 7,692 Shares of Markel Group Inc. $MKL

California Public Employees Retirement System lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 16.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 39,966 shares of the insurance provider’s stock after selling 7,692 shares during the quarter. California Public Employees Retirement System’s holdings in Markel Group were worth $76,389,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canerector Inc. lifted its position in shares of Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Vanguard Group Inc. increased its position in shares of Markel Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock worth $2,242,020,000 after buying an additional 5,184 shares during the period. Principal Financial Group Inc. raised its stake in Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after buying an additional 9,496 shares during the last quarter. Select Equity Group L.P. raised its stake in 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 buying an additional 145,146 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Markel Group by 5.9% in the third quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock valued at $292,627,000 after buying an additional 8,539 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

MKL stock opened at $1,956.11 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $2,053.75 and a two-hundred day simple moving average of $2,024.61. The company has a market capitalization of $24.60 billion, a P/E ratio of 11.52 and a beta of 0.77. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction that occurred 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 transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MKL. Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Saturday. Truist Financial lifted their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

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.