Thompson Siegel & Walmsley LLC Cuts Stock Position in Markel Group Inc. $MKL

Thompson Siegel & Walmsley LLC lowered its holdings in Markel Group Inc. (NYSE:MKL) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,364 shares of the insurance provider’s stock after selling 2,732 shares during the period. Markel Group comprises 1.3% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 11th largest position. Thompson Siegel & Walmsley LLC owned approximately 0.28% of Markel Group worth $76,020,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC raised its stake in shares of Markel Group by 1.0% in the fourth quarter. Clear Harbor Asset Management LLC now owns 4,146 shares of the insurance provider’s stock valued at $8,912,000 after buying an additional 40 shares during the period. Elm Partners Management LLC raised its stake in shares of Markel Group by 16.7% during the 4th quarter. Elm Partners Management LLC now owns 349 shares of the insurance provider’s stock valued at $750,000 after purchasing an additional 50 shares during the period. Texas Yale Capital Corp. raised its stake in shares of Markel Group by 1.1% during the 4th quarter. Texas Yale Capital Corp. now owns 1,888 shares of the insurance provider’s stock valued at $4,059,000 after purchasing an additional 20 shares during the period. Norges Bank bought a new position in Markel Group in the 4th quarter worth about $317,583,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in Markel Group in the 4th quarter worth about $5,009,000. 77.12% of the stock is currently owned by institutional investors.

Insider Activity

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

Markel Group Trading Up 0.3%

Shares of MKL stock opened at $1,820.95 on Monday. The stock has a market capitalization of $22.78 billion, a PE ratio of 13.12 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 business has a 50-day moving average of $1,882.79 and a 200 day moving average of $2,007.16. 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 (NYSE:MKL) last issued its earnings results 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). The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 113.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MKL shares. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Brean Capital started coverage on Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. Truist Financial cut their price objective on 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. Finally, Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2,025.00.

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.