Van Lanschot Kempen Investment Management N.V. Has $440.38 Million Stock Holdings in Markel Group Inc. $MKL

Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 13.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 204,861 shares of the insurance provider’s stock after buying an additional 23,631 shares during the period. Markel Group makes up approximately 3.8% of Van Lanschot Kempen Investment Management N.V.’s portfolio, making the stock its 7th largest position. Van Lanschot Kempen Investment Management N.V.’s holdings in Markel Group were worth $440,379,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Diversify Advisory Services LLC grew its holdings in shares of Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 5 shares during the last quarter. Keybank National Association OH grew its holdings 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 purchasing an additional 5 shares during the last quarter. Wellington Shields & Co. LLC grew its holdings in shares of Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 5 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of Markel Group by 1.1% during the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after purchasing an additional 5 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Finally, Truist Financial reduced their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Insider Activity at Markel Group

In related news, Director Diane Leopold bought 50 shares of Markel Group stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the acquisition, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Greta J. Harris sold 76 shares of the company’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 value of $140,395.56. Following the completion of the sale, the director owned 645 shares in the company, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.08% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,844.91 on Friday. The business’s 50 day simple moving average is $1,866.13 and its 200 day simple moving average is $1,989.99. Markel Group Inc. has a one year low of $182.19 and a one year high of $2,207.59. The stock has a market capitalization of $23.08 billion, a PE ratio of 13.29 and a beta of 0.67. 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 announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. As a group, research analysts forecast that Markel Group Inc. will post 113.55 earnings per share for the current year.

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.