1,064 Shares in Markel Group Inc. $MKL Acquired by Andra AP fonden

Andra AP fonden acquired a new stake in Markel Group Inc. (NYSE:MKL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,064 shares of the insurance provider’s stock, valued at approximately $2,034,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. TIAA Trust National Association increased its stake in shares of Markel Group by 4.4% in the 3rd quarter. TIAA Trust National Association now owns 286 shares of the insurance provider’s stock valued at $547,000 after purchasing an additional 12 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Markel Group by 3.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 770 shares of the insurance provider’s stock worth $1,505,000 after buying an additional 25 shares during the last quarter. Xponance Inc. boosted its stake in Markel Group by 2.4% in the third quarter. Xponance Inc. now owns 1,620 shares of the insurance provider’s stock valued at $3,096,000 after buying an additional 38 shares in the last quarter. DNB Asset Management AS grew its position in Markel Group by 0.5% in the third quarter. DNB Asset Management AS now owns 2,569 shares of the insurance provider’s stock valued at $4,910,000 after acquiring an additional 12 shares during the last quarter. Finally, Choreo LLC raised its stake in Markel Group by 0.8% during the third quarter. Choreo LLC now owns 1,316 shares of the insurance provider’s stock worth $2,515,000 after acquiring an additional 10 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director owned 60,368 shares of the company’s stock, valued at $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. Corporate insiders own 1.66% of the company’s stock.

Markel Group Trading Up 0.2%

MKL opened at $2,068.81 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. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The company’s 50 day moving average price is $2,093.33 and its two-hundred day moving average price is $2,021.73. The firm has a market capitalization of $26.09 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MKL. Truist Financial raised their price target on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2,100.00.

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.