Avanza Fonder AB Invests $851,000 in Markel Group Inc. $MKL

Avanza Fonder AB purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 396 shares of the insurance provider’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. East Coast Asset Management LLC. raised its position in Markel Group by 0.3% during the 2nd quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock worth $4,334,000 after buying an additional 6 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Markel Group by 5.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 6 shares during the period. Hemington Wealth Management boosted its holdings in shares of Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 6 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Markel Group by 0.9% in the third quarter. Resonant Capital Advisors LLC now owns 688 shares of the insurance provider’s stock valued at $1,315,000 after acquiring an additional 6 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Markel Group by 31.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 29 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 7 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Markel Group

In other news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MKL shares. Wall Street Zen raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Brean Capital started coverage on Markel Group in a research report on Tuesday. They set a “neutral” rating and a $2,100.00 target price on the stock. Zacks Research downgraded Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Truist Financial raised their price target on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. 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 0.5%

Shares of NYSE MKL opened at $1,898.62 on Wednesday. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 11.18 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The firm has a 50-day moving average price of $2,026.82 and a 200 day moving average price of $2,022.77. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

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.