Truist Financial Corp Reduces Stake in Markel Group Inc.

Truist Financial Corp has adjusted its investment in Markel Group Inc. (NYSE:MKL) by reducing its holdings by 5.9% in the fourth quarter. This information comes from Truist's latest filing with the Securities and Exchange Commission (SEC). Following the sale of 463 shares throughout the quarter, Truist Financial Corp now possesses 7,333 shares of the insurance company. The total value of these shares is estimated to be $12,658,000, according to their recent SEC disclosures.

Various other institutional investors have also made changes to their positions in Markel Group. Notably, Brooklyn Investment Group acquired a new stake in the company during the third quarter, which is estimated to be about $31,000. Similarly, Larson Financial Group LLC invested approximately $36,000 for a new stake in the same period. Other investors such as Global Trust Asset Management LLC and Wilmington Savings Fund Society FSB also purchased new stakes in the company during the fourth and third quarters respectively, valued at approximately $41,000 and $42,000. Quarry LP significantly increased its position by 3,000.0% in the third quarter, acquiring a total of 31 shares now valued at about $49,000 after purchasing an additional 30 shares in the previous quarter. Overall, institutional investors hold about 77.12% of Markel Group's stock.

New Price Targets Set by Analysts

Recent reports from several research firms have updated their ratings and price targets for Markel Group. On December 2nd, TD Cowen downgraded their rating from "buy" to "hold" and lowered their price target from $1,986.00 to $1,836.00. Conversely, Royal Bank of Canada raised its price target from $1,750.00 to $2,025.00 while maintaining a "sector perform" rating as of February 7th. Additionally, StockNews.com also reduced their rating from "buy" to "hold" on February 14th. Currently, one analyst has rated the stock as a sell, while six have given it a hold rating. MarketBeat.com reports that the consensus rating for the stock is "Hold," with an average price target set at $1,685.17.

Insider Transactions at Markel Group

In related updates, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock on February 7th. The acquisition was made at an average share price of $2,008.01, totaling $200,801. Following this transaction, Gayner now holds 48,945 shares of Markel Group, which have an estimated value of about $98,282,049.45. This transaction represents a slight increase of 0.20% in his stock position, with details filed with the SEC. Insiders currently own 1.71% of Markel Group’s stock.

Markel Group Stock Performance

The stock of Markel Group opened at $1,855.37 on the trading day. The company’s fifty-day moving average is at $1,791.50, while the two-hundred-day moving average stands at $1,670.99. Over the past year, the stock has reached a low of $1,417.65 and a high of $2,063.68. With a market capitalization of $23.86 billion, the company exhibits a PE ratio of 9.32 and a beta of 0.78. Additionally, Markel Group has a debt-to-equity ratio of 0.26, and both the quick and current ratios are at 0.60.

The latest quarterly earnings report released on February 5th revealed that Markel Group reported earnings per share of $20.51, falling short of the analysts' expected $20.66 by $0.15. The company's net margin is recorded at 16.34%, with a return on equity of 7.55%. Analysts project that Markel Group will generate an earnings per share of 96.25 for the current fiscal year.

Company Overview of Markel Group

Markel Group Inc is a diverse holding company that specializes in the marketing and underwriting of specialty insurance products in various regions, including the United States, Bermuda, the United Kingdom, and Germany. Their offerings include general and professional liability, personal lines, marine and energy insurance, specialty programs, and workers' compensation insurance, along with property coverages that encompass fire and other specialized risks.

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