Corient Private Wealth LLC Has $7.75 Million Stock Holdings in Markel Group Inc. $MKL

Corient Private Wealth LLC grew its position in shares of Markel Group Inc. (NYSE:MKL) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,604 shares of the insurance provider’s stock after buying an additional 287 shares during the quarter. Corient Private Wealth LLC’s holdings in Markel Group were worth $7,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. bought a new stake in shares of Markel Group in the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Markel Group in the fourth quarter valued at about $26,000. Reflection Asset Management bought a new position in Markel Group during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group during the third quarter worth about $29,000. Finally, V Square Quantitative Management LLC acquired a new stake in Markel Group in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

MKL opened at $1,900.97 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The firm has a market cap of $23.78 billion, a P/E ratio of 13.70 and a beta of 0.67. The business’s fifty day moving average is $1,857.69 and its 200-day moving average is $1,978.42.

Markel Group (NYSE:MKL) last posted its quarterly 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 net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Sell-side analysts expect that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Truist Financial cut their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group 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.