Montag A & Associates Inc. Trims Stock Holdings in Markel Group Inc. $MKL
by Jessica Moore · The Cerbat GemMontag A & Associates Inc. lowered its position in Markel Group Inc. (NYSE:MKL – Free Report) by 9.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,076 shares of the insurance provider’s stock after selling 310 shares during the period. Montag A & Associates Inc.’s holdings in Markel Group were worth $6,612,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Valley National Advisers Inc. purchased a new stake in Markel Group in the fourth quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Markel Group in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Markel Group in the fourth quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $37,000 after buying an additional 11 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in Markel Group in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.
Analyst Upgrades and Downgrades
MKL has been the subject of a number of research reports. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday. Truist Financial cut their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2,025.00.
Get Our Latest Analysis on Markel Group
Markel Group Trading Up 0.5%
NYSE:MKL opened at $1,781.71 on Friday. The stock has a fifty day moving average price of $1,948.66 and a two-hundred day moving average price of $2,019.18. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 12.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59.
Markel Group (NYSE:MKL – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $26.38 by ($45.28). The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 117.52 earnings per share for the current fiscal year.
Insider Transactions at Markel Group
In other Markel Group news, CEO Simon Wilson sold 100 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.08% of the company’s stock.
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.
See Also
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