Markel Group Inc. $MKL Shares Acquired by Andra AP fonden

Andra AP fonden lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 25.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,339 shares of the insurance provider’s stock after buying an additional 275 shares during the period. Andra AP fonden’s holdings in Markel Group were worth $2,563,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MKL. Valley National Advisers Inc. bought a new position in Markel Group in the 4th quarter worth approximately $25,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Markel Group during the fourth quarter valued at about $26,000. Reflection Asset Management acquired a new position in Markel Group during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Markel Group during the 3rd quarter valued at about $29,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Markel Group during the 4th quarter worth about $32,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MKL. Weiss Ratings cut Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Truist Financial cut their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Wolfe Research assumed coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $2,025.00.

Markel Group Trading Up 0.8%

NYSE MKL opened at $1,961.04 on Friday. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 14.13 and a beta of 0.66. The firm’s 50 day moving average price is $1,888.25 and its two-hundred day moving average price is $1,949.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Equities analysts anticipate that Markel Group Inc. will post 114.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 76 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane Leopold acquired 50 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the acquisition, the director owned 550 shares of the company’s stock, valued at $984,054.50. This represents a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is owned by corporate 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.