Swiss National Bank Acquires 2,330 Shares of Markel Group Inc. $MKL

Swiss National Bank lifted its stake in Markel Group Inc. (NYSE:MKL) by 6.7% during the 1st quarter, Holdings Channel reports. The firm owned 37,000 shares of the insurance provider’s stock after acquiring an additional 2,330 shares during the period. Swiss National Bank’s holdings in Markel Group were worth $70,821,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Valley National Advisers Inc. bought a new stake in Markel Group in the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac bought a new position in Markel Group during the fourth quarter worth about $26,000. Reflection Asset Management bought a new position in Markel Group during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group during the 3rd quarter worth about $29,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth about $32,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of analyst reports. Wolfe Research began coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Truist Financial decreased their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Brean Capital initiated coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Trading Down 0.9%

NYSE MKL opened at $1,960.62 on Wednesday. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. 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 cap of $24.53 billion, a P/E ratio of 14.13 and a beta of 0.66. The stock’s 50-day moving average is $1,883.55 and its 200-day moving average is $1,952.53.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) 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. Sell-side analysts anticipate that Markel Group Inc. will post 114.11 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 that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The stock was bought at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the acquisition, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 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.