BI Asset Management Fondsmaeglerselskab A S Sells 172 Shares of Markel Group Inc. (NYSE:MKL)

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Markel Group Inc. (NYSE:MKL) by 46.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195 shares of the insurance provider’s stock after selling 172 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Markel Group were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of Markel Group in the first quarter worth about $776,000. Smith Salley Wealth Management raised its stake in shares of Markel Group by 7.3% in the 1st quarter. Smith Salley Wealth Management now owns 8,314 shares of the insurance provider’s stock valued at $12,650,000 after acquiring an additional 563 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in Markel Group by 44.4% in the 1st quarter. Salomon & Ludwin LLC now owns 384 shares of the insurance provider’s stock worth $584,000 after purchasing an additional 118 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Markel Group by 11.5% during the first quarter. Daiwa Securities Group Inc. now owns 870 shares of the insurance provider’s stock worth $1,324,000 after purchasing an additional 90 shares during the period. Finally, Nordea Investment Management AB boosted its position in Markel Group by 2.6% during the first quarter. Nordea Investment Management AB now owns 857 shares of the insurance provider’s stock worth $1,299,000 after purchasing an additional 22 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 3,000 shares of the 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 value of $4,915,170.00. Following the completion of the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 66,668 shares in the company, 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 Stock Up 0.8 %

Shares of MKL stock opened at $1,574.36 on Friday. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a fifty day moving average price of $1,594.92 and a 200 day moving average price of $1,509.32. The stock has a market cap of $20.47 billion, a P/E ratio of 8.50 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.62 billion. Analysts predict that Markel Group Inc. will post 82.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MKL. Truist Financial upped their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research report on Friday, March 15th. TD Cowen initiated coverage on Markel Group in a research report on Tuesday. They set a “buy” rating and a $1,986.00 price objective for the company. Finally, Royal Bank of Canada lifted their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,597.67.

Markel Group Company 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.