Markel Group Inc. $MKL Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Markel Group Inc. (NYSE:MKL) by 264.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,645 shares of the insurance provider’s stock after purchasing an additional 1,920 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Markel Group were worth $5,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Solitude Financial Services grew its position in Markel Group by 8.9% in the first quarter. Solitude Financial Services now owns 1,365 shares of the insurance provider’s stock worth $2,707,000 after buying an additional 112 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Markel Group by 13.6% during the 1st quarter. Thompson Davis & CO. Inc. now owns 467 shares of the insurance provider’s stock valued at $894,000 after acquiring an additional 56 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Markel Group by 36.9% during the 4th quarter. Hsbc Holdings PLC now owns 18,554 shares of the insurance provider’s stock valued at $39,900,000 after acquiring an additional 5,000 shares during the last quarter. Fund Advisors of America Inc FL bought a new stake in shares of Markel Group during the 4th quarter worth $1,840,000. Finally, World Investment Advisors bought a new stake in shares of Markel Group during the 4th quarter worth $584,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

NYSE MKL opened at $1,859.89 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of 13.40 and a beta of 0.67. The company has a 50 day simple moving average of $1,859.28 and a 200-day simple moving average of $1,980.57. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.

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

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the sale, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Diane Leopold purchased 50 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the acquisition, the director owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Brean Capital initiated coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Finally, Truist Financial cut their price objective 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. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $2,025.00.

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.