Alaska Permanent Fund Corp increased its position in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 679 shares of the insurance provider’s stock after purchasing an additional 157 shares during the period. Alaska Permanent Fund Corp’s holdings in Markel Group were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in MKL. Norges Bank acquired a new position in Markel Group in the 4th quarter valued at $214,216,000. Boston Partners increased its stake in shares of Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after purchasing an additional 125,507 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Markel Group by 111.3% in the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after purchasing an additional 41,086 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Markel Group in the 1st quarter valued at $60,937,000. Finally, Invesco Ltd. increased its stake in shares of Markel Group by 109.6% in the 3rd quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock valued at $102,002,000 after purchasing an additional 36,215 shares during the last quarter. 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. Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Truist Financial lifted their price target on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada lifted their price target on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,520.00.
View Our Latest Research Report on Markel Group
Markel Group Trading Up 0.1 %
Shares of MKL stock opened at $1,572.22 on Friday. The firm has a market capitalization of $20.44 billion, a P/E ratio of 8.49 and a beta of 0.73. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $1,565.17 and its 200 day simple moving average is $1,492.21.
Markel Group (NYSE:MKL – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. As a group, sell-side analysts predict that Markel Group Inc. will post 82.83 EPS for the current fiscal year.
Insider Buying and Selling at Markel Group
In other Markel Group news, 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 value of $4,915,170.00. Following the sale, the director now owns 66,668 shares in the company, valued at approximately $109,228,184.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Markel Group news, 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 value of $4,915,170.00. Following the sale, the director now owns 66,668 shares in the company, valued at approximately $109,228,184.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were 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 owns 634 shares in the company, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.
About Markel Group
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.
Featured Articles
- Five stocks we like better than Markel Group
- Business Services Stocks Investing
- Sarepta Therapeutics Stock Soars on FDA Approval
- What is the Shanghai Stock Exchange Composite Index?
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
- Election Stocks: How Elections Affect the Stock Market
- 3 Solar Stocks to Watch that are Building the Green Energy Future
Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL – Free Report).
Receive News & Ratings for Markel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Group and related companies with MarketBeat.com's FREE daily email newsletter.
