Swedbank AB Has $19.34 Million Stock Holdings in Markel Group Inc. $MKL

Swedbank AB decreased its position in Markel Group Inc. (NYSE:MKL) by 6.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,103 shares of the insurance provider’s stock after selling 702 shares during the quarter. Swedbank AB’s holdings in Markel Group were worth $19,338,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MKL. Baxter Bros Inc. boosted its position in Markel Group by 3.0% in the first quarter. Baxter Bros Inc. now owns 2,613 shares of the insurance provider’s stock valued at $5,001,000 after buying an additional 76 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Markel Group by 11.6% in the first quarter. Stephens Inc. AR now owns 231 shares of the insurance provider’s stock valued at $442,000 after acquiring an additional 24 shares during the last quarter. Praxis Investment Management Inc. raised its stake in shares of Markel Group by 20.1% in the first quarter. Praxis Investment Management Inc. now owns 853 shares of the insurance provider’s stock valued at $1,633,000 after acquiring an additional 143 shares during the last quarter. Northstar Group Inc. boosted its holdings in shares of Markel Group by 7.6% in the 1st quarter. Northstar Group Inc. now owns 3,100 shares of the insurance provider’s stock worth $5,934,000 after acquiring an additional 220 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Markel Group by 25.7% in the 1st quarter. QRG Capital Management Inc. now owns 547 shares of the insurance provider’s stock worth $1,047,000 after acquiring an additional 112 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MKL shares. Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target for the company. Truist Financial decreased their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Finally, Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $2,025.00.

Insider Transactions at Markel Group

In other news, Director Diane Leopold acquired 50 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares in the company, valued at $984,054.50. This trade represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by company insiders.

Markel Group Stock Down 0.4%

NYSE:MKL opened at $1,949.50 on Friday. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 14.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s fifty day moving average price is $1,857.76 and its two-hundred day moving average price is $1,965.04. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.

Markel Group (NYSE:MKL) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current year.

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.