Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Position in Markel Group Inc. $MKL

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Markel Group Inc. (NYSE:MKL) by 19.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,587 shares of the insurance provider’s stock after selling 638 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Markel Group were worth $4,945,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MKL. Baxter Bros Inc. increased its position in shares of Markel Group by 1.0% during the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock valued at $1,272,000 after purchasing an additional 6 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Markel Group by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock valued at $3,507,000 after buying an additional 6 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Markel Group by 4.7% during the second quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock valued at $270,000 after buying an additional 6 shares during the last quarter. Fidelis Capital Partners LLC raised its position in Markel Group by 3.4% in the second quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 6 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Markel Group by 1.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock worth $692,000 after acquiring an additional 6 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE MKL opened at $2,056.44 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The business has a 50-day moving average price of $2,107.59 and a 200-day moving average price of $2,005.78. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 12.87 and a beta of 0.80.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on MKL. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Finally, Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,025.00.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total value of $155,470.50. Following the sale, the chief executive officer directly owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. The trade was a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,575 shares of company stock worth $3,330,900 in the last three months. Insiders own 1.66% 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.