Marathon Asset Management Ltd Has $49.41 Million Stock Holdings in Markel Group Inc. $MKL

Marathon Asset Management Ltd lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,986 shares of the insurance provider’s stock after selling 1,885 shares during the quarter. Markel Group makes up 1.9% of Marathon Asset Management Ltd’s holdings, making the stock its 20th biggest holding. Marathon Asset Management Ltd’s holdings in Markel Group were worth $49,412,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MKL. Canerector Inc. increased its holdings in shares of Markel Group by 191,036.0% during the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after buying an additional 10,698,016 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of 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 in the last quarter. Davis Selected Advisers increased its holdings in shares of Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Markel Group during the third quarter worth $46,738,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,859.75 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 13.40 and a beta of 0.67. The company’s fifty day moving average is $1,898.69 and its 200 day moving average is $2,015.25.

Markel Group (NYSE:MKL) last issued 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). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.66 billion. Sell-side analysts forecast that Markel Group Inc. will post 113.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Brean Capital assumed coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Truist Financial lowered their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Diane Leopold acquired 50 shares of Markel Group stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the purchase, the director directly owned 550 shares in the company, valued at $984,054.50. This trade represents a 10.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company’s stock.

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.