Texas Yale Capital Corp. Grows Stock Holdings in Markel Group Inc. $MKL

Texas Yale Capital Corp. grew its stake in Markel Group Inc. (NYSE:MKL) by 30.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,868 shares of the insurance provider’s stock after purchasing an additional 436 shares during the period. Texas Yale Capital Corp.’s holdings in Markel Group were worth $3,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Denali Advisors LLC grew its holdings in Markel Group by 199.3% in the 3rd quarter. Denali Advisors LLC now owns 422 shares of the insurance provider’s stock valued at $807,000 after buying an additional 281 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Markel Group by 7.7% in the third quarter. Fifth Third Bancorp now owns 181 shares of the insurance provider’s stock valued at $346,000 after purchasing an additional 13 shares during the period. Atticus Wealth Management LLC increased its position in Markel Group by 87.0% during the third quarter. Atticus Wealth Management LLC now owns 129 shares of the insurance provider’s stock worth $247,000 after purchasing an additional 60 shares during the last quarter. JPMorgan Chase & Co. increased its position in Markel Group by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 16,724 shares of the insurance provider’s stock worth $31,966,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its holdings in 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. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

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

Markel Group Stock Down 1.0%

Markel Group stock opened at $2,060.89 on Monday. The company has a market capitalization of $25.99 billion, a PE ratio of 12.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The firm has a 50 day moving average price of $2,104.99 and a 200 day moving average price of $2,012.85.

Insider Buying and Selling at Markel Group

In related news, CEO Simon Wilson sold 75 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. This trade represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Markel sold 1,330 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,575 shares of company stock worth $3,330,900 in the last quarter. Company insiders own 1.66% of the company’s stock.

Markel Group Company 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.