BI Asset Management Fondsmaeglerselskab A S Acquires 1,066 Shares of Markel Group Inc. $MKL

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Markel Group Inc. (NYSE:MKL) by 172.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,683 shares of the insurance provider’s stock after acquiring an additional 1,066 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Markel Group were worth $3,217,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MKL. Principal Financial Group Inc. boosted its position in Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after acquiring an additional 9,496 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Markel Group in the 3rd quarter valued at about $2,104,000. Osaic Holdings Inc. boosted its position in shares of Markel Group by 121.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock valued at $5,705,000 after purchasing an additional 1,563 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in Markel Group during the third quarter worth approximately $46,738,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Markel Group by 5.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 4,017 shares of the insurance provider’s stock worth $8,023,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MKL shares. Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Truist Financial raised their target price on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2,100.00.

Markel Group Stock Up 0.4%

Shares of NYSE MKL opened at $2,102.76 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50-day moving average price of $2,102.24 and a 200-day moving average price of $2,010.40. The stock has a market capitalization of $26.52 billion, a P/E ratio of 12.39 and a beta of 0.79. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,207.59.

Insider Activity

In other Markel Group news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the transaction, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,575 shares of company stock worth $3,330,900. 1.66% of the stock is owned by insiders.

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.