Norges Bank Invests $317.58 Million in Markel Group Inc. $MKL

Norges Bank acquired a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 147,737 shares of the insurance provider’s stock, valued at approximately $317,583,000. Norges Bank owned approximately 1.17% of Markel Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. Brighton Jones LLC acquired a new position in Markel Group during the fourth quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13 shares during the period. Goldman Sachs Group Inc. raised its stake in Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC raised its stake in Markel Group by 49.1% in the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after buying an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Markel Group in the second quarter valued at approximately $463,000. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane Leopold bought 50 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director owned 550 shares in the company, valued at $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.08% of the company’s stock.

Markel Group Trading Down 1.3%

Shares of MKL stock opened at $1,792.47 on Tuesday. The stock’s fifty day moving average price is $1,880.99 and its two-hundred day moving average price is $2,005.27. The company has a market cap of $22.42 billion, a PE ratio of 12.92 and a beta of 0.67. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. 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 (NYSE:MKL) last issued 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 business 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%. Equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MKL shares. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Brean Capital started coverage on 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. Finally, Truist Financial lowered their target price on 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. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2,025.00.

About Markel Group

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.