Andra AP fonden Buys 275 Shares of Markel Group Inc. $MKL

Andra AP fonden raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 25.8% during the 1st quarter, HoldingsChannel reports. The firm owned 1,339 shares of the insurance provider’s stock after purchasing an additional 275 shares during the quarter. Andra AP fonden’s holdings in Markel Group were worth $2,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MKL. Norges Bank bought a new stake in shares of Markel Group during the 4th quarter worth $317,583,000. Select Equity Group L.P. lifted its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers boosted its stake in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after purchasing an additional 41,632 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after buying an additional 23,631 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diane Leopold acquired 50 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the transaction, the director owned 550 shares in the company, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial reduced their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Wolfe Research initiated coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,961.04 on Friday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 14.13 and a beta of 0.66. The business’s fifty day moving average price is $1,888.25 and its two-hundred day moving average price is $1,949.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.

Markel Group (NYSE:MKL) last released its quarterly earnings results 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 firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, analysts predict that Markel Group Inc. will post 114.11 EPS for the current fiscal year.

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.