Steelhead Wealth Management LLC Buys Shares of 337 Markel Group Inc. $MKL

Steelhead Wealth Management LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 337 shares of the insurance provider’s stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Diversify Advisory Services LLC increased its holdings in Markel Group by 4.5% during the 4th quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 5 shares in the last quarter. Keybank National Association OH boosted its position in shares of Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after buying an additional 5 shares during the period. Wellington Shields & Co. LLC raised its position in Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after buying an additional 5 shares during the last quarter. Root Financial Partners LLC boosted its position in Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Markel Group by 4.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 5 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director directly owned 645 shares in the company, valued at $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Diane Leopold bought 50 shares of the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director owned 550 shares of the company’s stock, valued at $984,054.50. This trade represents a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MKL shares. Wolfe Research initiated coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Truist Financial cut their price target 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. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $2,025.00.

Markel Group Stock Down 0.0%

MKL opened at $1,882.00 on Monday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The stock’s fifty day simple moving average is $1,902.13 and its 200 day simple moving average is $1,942.96. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $23.32 billion, a PE ratio of 10.35 and a beta of 0.66.

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.