Tredje AP fonden Sells 646 Shares of Markel Group Inc. $MKL

Tredje AP fonden cut its holdings in Markel Group Inc. (NYSE:MKL) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,206 shares of the insurance provider’s stock after selling 646 shares during the period. Tredje AP fonden’s holdings in Markel Group were worth $2,592,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in Markel Group in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group in the third quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in Markel Group in the fourth quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Markel Group by 183.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 11 shares during the period. Finally, Kelleher Financial Advisors bought a new position in Markel Group in the third quarter worth approximately $38,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Up 0.1%

MKL opened at $1,861.53 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The firm’s fifty day moving average is $1,896.72 and its 200 day moving average is $2,014.72. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 13.41 and a beta of 0.67.

Markel Group (NYSE:MKL) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The firm had revenue of $2.82 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%. On average, sell-side analysts forecast that Markel Group Inc. will post 111.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MKL. Truist Financial lowered their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings cut shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Brean Capital began coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2,025.00.

Insiders Place Their Bets

In related news, Director Diane Leopold purchased 50 shares of Markel Group stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the acquisition, the director owned 550 shares in the company, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.08% of the company’s stock.

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.