Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 638 Shares of Markel Group Inc. $MKL

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Markel Group Inc. (NYSE:MKL) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,587 shares of the insurance provider’s stock after selling 638 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Markel Group were worth $4,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Markel Group by 0.8% during the second quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock valued at $2,332,543,000 after buying an additional 9,303 shares during the period. Select Equity Group L.P. increased its stake in shares of Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Markel Group by 0.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock valued at $408,364,000 after acquiring an additional 1,383 shares during the period. Norges Bank bought a new stake in Markel Group during the second quarter worth about $288,361,000. Finally, Epoch Investment Partners Inc. boosted its stake in Markel Group by 5.8% during the second quarter. Epoch Investment Partners Inc. now owns 114,263 shares of the insurance provider’s stock worth $228,224,000 after acquiring an additional 6,244 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MKL. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Finally, Cowen reiterated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Markel Group has a consensus rating of “Moderate Buy” and an average price target of $2,025.00.

Insider Activity

In other news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the completion of the transaction, the director directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Simon Wilson sold 75 shares of the stock in a transaction that occurred 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 owned 1,770 shares in the company, valued at approximately $3,669,103.80. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,575 shares of company stock worth $3,330,900 in the last 90 days. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $2,056.44 on Monday. The company has a market cap of $25.93 billion, a price-to-earnings ratio of 12.87 and a beta of 0.80. The business’s fifty day simple moving average is $2,107.59 and its two-hundred day simple moving average is $2,005.78. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. Research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.