Sumitomo Mitsui Trust Group Inc. Sells 1,532 Shares of Markel Group Inc. $MKL

Sumitomo Mitsui Trust Group Inc. cut its holdings in Markel Group Inc. (NYSE:MKL – Free Report) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,995 shares of the insurance provider’s stock after selling 1,532 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Markel Group were worth $62,329,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Markel Group during the 4th quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group in the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Markel Group by 183.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 11 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Markel Group in the third quarter worth about $38,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Markel Group during the third quarter worth approximately $38,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Brean Capital started coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Truist Financial boosted their price objective on shares of 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. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Friday, March 27th. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

Check Out Our Latest Analysis on Markel Group

Markel Group Trading Up 0.8%

Shares of NYSE MKL opened at $1,965.57 on Wednesday. Markel Group Inc. has a fifty-two week low of $1,698.99 and a fifty-two week high of $2,207.59. The firm has a market capitalization of $24.67 billion, a P/E ratio of 11.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The company’s 50 day simple moving average is $1,987.73 and its 200 day simple moving average is $2,021.05.

Insider Activity at Markel Group

In other 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 transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.

About Markel Group

(Free Report)

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.

Further Reading

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