BI Asset Management Fondsmaeglerselskab A S Sells 958 Shares of Markel Group Inc. $MKL

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Markel Group Inc. (NYSE:MKL) by 56.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 725 shares of the insurance provider’s stock after selling 958 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Markel Group were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MKL. Brighton Jones LLC bought a new stake in Markel Group in the 4th quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Markel Group by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after buying an additional 13 shares during the period. Goldman Sachs Group Inc. increased its position in Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC increased its position in Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after buying an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Markel Group during the 2nd quarter worth $463,000. Institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diane Leopold purchased 100 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the purchase, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their position. The SEC filing for this purchase provides additional information. 1.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MKL. Brean Capital began coverage on Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Truist Financial lowered their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Stock Performance

NYSE:MKL opened at $1,813.52 on Wednesday. The stock’s 50-day simple moving average is $1,870.17 and its 200 day simple moving average is $1,994.02. The firm has a market capitalization of $22.69 billion, a PE ratio of 13.07 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. On average, analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Markel Group Company 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.