JPMorgan Chase & Co. Increases Stake in Markel Group Inc. $MKL

JPMorgan Chase & Co. increased its stake in Markel Group Inc. (NYSE:MKL) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,724 shares of the insurance provider’s stock after acquiring an additional 1,193 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of Markel Group worth $31,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Berkshire Asset Management LLC PA boosted its holdings in shares of Markel Group by 77.8% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 240 shares of the insurance provider’s stock valued at $459,000 after purchasing an additional 105 shares during the last quarter. Hi Line Capital Management LLC boosted its holdings in Markel Group by 2.4% in the third quarter. Hi Line Capital Management LLC now owns 3,946 shares of the insurance provider’s stock valued at $7,542,000 after acquiring an additional 92 shares during the last quarter. Ameritas Advisory Services LLC grew its position in Markel Group by 178.9% during the third quarter. Ameritas Advisory Services LLC now owns 53 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 34 shares during the period. Assetmark Inc. increased its stake in Markel Group by 16.0% during the third quarter. Assetmark Inc. now owns 58 shares of the insurance provider’s stock worth $111,000 after acquiring an additional 8 shares during the last quarter. Finally, Ground Swell Capital LLC purchased a new position in shares of Markel Group in the 3rd quarter worth about $250,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 0.2%

Shares of NYSE:MKL opened at $2,068.81 on Friday. The company has a market capitalization of $26.09 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. The company has a 50 day moving average of $2,093.33 and a two-hundred day moving average of $2,021.08. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,207.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the transaction, the director directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the sale, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MKL has been the subject of a number of research reports. Truist Financial boosted their target price on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2,100.00.

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.