568 Shares in Markel Group Inc. (NYSE:MKL) Purchased by Norden Group LLC

Norden Group LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 568 shares of the insurance provider’s stock, valued at approximately $864,000.

Several other large investors have also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC lifted its position in Markel Group by 2.3% during the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock worth $452,000 after buying an additional 7 shares during the period. Signaturefd LLC lifted its position in Markel Group by 4.9% during the fourth quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock worth $214,000 after buying an additional 7 shares during the period. Intellectus Partners LLC lifted its position in Markel Group by 1.9% during the fourth quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after buying an additional 8 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Markel Group by 1.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock worth $616,000 after purchasing an additional 8 shares during the period. Finally, Watchman Group Inc. raised its holdings in shares of Markel Group by 0.3% in the 4th quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after purchasing an additional 8 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MKL. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Royal Bank of Canada raised their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Finally, Truist Financial raised their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,520.00.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,535.69 on Friday. The company has a market cap of $19.96 billion, a P/E ratio of 8.29 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The business’s 50-day simple moving average is $1,589.39 and its 200 day simple moving average is $1,505.31.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing the consensus estimate of $18.50 by ($0.33). The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. On average, sell-side analysts forecast that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the sale, the director now owns 66,668 shares in the company, valued at approximately $109,228,184.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Markel Group news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.