Madison Avenue Partners LP Raises Stake in Markel Group Inc. $MKL

Madison Avenue Partners LP raised its holdings in Markel Group Inc. (NYSE:MKL) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,889 shares of the insurance provider’s stock after acquiring an additional 3,579 shares during the quarter. Markel Group accounts for about 8.1% of Madison Avenue Partners LP’s portfolio, making the stock its 5th biggest holding. Madison Avenue Partners LP’s holdings in Markel Group were worth $188,931,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Valley National Advisers Inc. acquired a new position in shares of Markel Group in the 4th quarter worth approximately $25,000. Fideuram Asset Management Ireland dac acquired a new position in Markel Group in the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Markel Group in the third quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Markel Group during the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Markel Group during the 4th quarter worth $32,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MKL. 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. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Truist Financial decreased their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2,025.00.

Insider Activity

In other news, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the acquisition, the director directly owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated 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 sale, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is owned by insiders.

Markel Group Stock Down 0.6%

Shares of Markel Group stock opened at $1,868.07 on Thursday. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 13.46 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. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The stock has a 50-day simple moving average of $1,864.28 and a 200-day simple moving average of $1,985.16.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, equities research analysts expect that Markel Group Inc. will post 113.55 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.