Markel Group Inc. $MKL Shares Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its holdings in Markel Group Inc. (NYSE:MKL) by 40.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,550 shares of the insurance provider’s stock after acquiring an additional 449 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Markel Group were worth $3,332,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. acquired a new position in shares of Markel Group in the 4th quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the third quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Markel Group in the fourth quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Markel Group by 183.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 11 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new position in shares of Markel Group in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

MKL opened at $1,848.56 on Friday. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 13.32 and a beta of 0.67. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $1,908.08 and a 200 day moving average price of $2,015.05.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The firm had revenue of $2.82 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%. Analysts forecast that Markel Group Inc. will post 113.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the topic of several analyst reports. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Brean Capital initiated coverage on shares of Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2,025.00.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Diane Leopold bought 50 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. This represents a 10.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by company insiders.

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.