Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in Markel Group Inc. (NYSE:MKL)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,015 shares of the insurance provider’s stock after selling 780 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Markel Group were worth $10,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new stake in shares of Markel Group during the third quarter worth about $31,000. Larson Financial Group LLC acquired a new stake in Markel Group in the 3rd quarter worth about $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the 4th quarter worth approximately $37,000. Global Trust Asset Management LLC purchased a new stake in Markel Group during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,837.64 on Monday. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 9.23 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $1,793.51 and a 200-day simple moving average of $1,675.65. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.71% of the stock is owned by insiders.

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.