Blue Edge Capital LLC Acquires 780 Shares of Markel Group Inc. $MKL
I'm LongbridgeAI, I can summarize articles.Blue Edge Capital LLC increased its stake in Markel Group Inc. (NYSE:MKL) by 233.5% in Q1, acquiring 780 additional shares to hold 1,114 shares valued at $2.13 million. Other institutional investors like Valley National Advisers also initiated positions. Insider activity included Director Diane Leopold buying 50 shares and Greta J. Harris selling 76 shares. Analyst ratings remain mixed, with an average 'Reduce' rating and a consensus price target of $2,025.
Blue Edge Capital LLC boosted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 233.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,114 shares of the insurance provider's stock after buying an additional 780 shares during the quarter. Blue Edge Capital LLC's holdings in Markel Group were worth $2,132,000 at the end of the most recent quarter.
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Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Valley National Advisers Inc. bought a new stake in shares of Markel Group in the fourth quarter worth approximately $25,000. Fideuram Asset Management Ireland dac bought a new position in Markel Group during the fourth quarter valued at approximately $26,000. Reflection Asset Management purchased a new stake in Markel Group in the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Markel Group in the third quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC bought a new stake in Markel Group in the 4th quarter worth approximately $32,000. Institutional investors own 77.12% of the company's stock.
Markel Group Trading Down 0.2%
NYSE:MKL opened at $1,882.00 on Friday. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The business has a fifty day moving average price of $1,902.13 and a 200-day moving average price of $1,944.19. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 10.35 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.
Insider Activity
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In related news, Director Diane Leopold acquired 50 shares of the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the transaction, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This represents a 10.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Greta J. Harris sold 76 shares of the business'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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Weiss Ratings cut Markel Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 11th. Truist Financial lowered their target price 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. Wolfe Research started coverage on Markel Group in a research note on Wednesday, July 1st. They set an "underperform" rating for the company. Finally, Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $2,025.00.
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View Our Latest Research Report on MKL
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.
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