Markel Group Inc. $MKL Stake Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in Markel Group Inc. (NYSE:MKL) by 28.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,597 shares of the insurance provider’s stock after selling 1,008 shares during the period. Handelsbanken Fonder AB’s holdings in Markel Group were worth $5,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac acquired a new position in shares of Markel Group during the fourth quarter valued at $26,000. Reflection Asset Management acquired a new position in Markel Group during the 4th quarter valued at about $26,000. Basepoint Wealth LLC bought a new position in Markel Group in the 4th quarter worth about $32,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group in the 3rd quarter worth about $29,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Markel Group in the fourth quarter valued at approximately $39,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,843.94 on Friday. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 10.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The stock’s 50 day moving average price is $1,910.02 and its 200 day moving average price is $1,929.46.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction dated 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 transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research assumed coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Truist Financial cut 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 investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Reduce” 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.