Danske Bank A S Has $26.34 Million Holdings in Markel Group Inc. $MKL

Key Points

• Danske Bank A/S trimmed its stake in Markel Group by 7.8% in Q4 and now holds 12,253 shares (about 0.10% of the company) valued at approximately $26.34 million.
• Markel reported a large quarterly miss, posting EPS of ($18.90) vs. analysts' $26.38 estimate and revenue of $2.82 billion vs. an expected $3.66 billion.
• Several research firms have downgraded Markel recently, leaving a consensus rating of Hold with an average price target of $2,025.00 (one Buy, five Holds).

Danske Bank A S cut its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,253 shares of the insurance provider's stock after selling 1,042 shares during the period. Danske Bank A S owned about 0.10% of Markel Group worth $26,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Markel Group by 172.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider's stock valued at $3,217,000 after buying an additional 1,066 shares during the period. Principal Financial Group Inc. boosted its holdings in Markel Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider's stock worth $1,045,947,000 after acquiring an additional 9,496 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Markel Group in the third quarter worth $2,104,000. Ervin Investment Management LLC lifted its holdings in shares of Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider's stock valued at $19,583,000 after purchasing an additional 6,574 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in shares of Markel Group during the third quarter valued at $46,738,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MKL. Wall Street Zen cut Markel Group from a "buy" rating to a "sell" rating in a research report on Saturday. Zacks Research cut Markel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Brean Capital began coverage on Markel Group in a research note on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 price target for the company. Truist Financial lowered their price objective on Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Weiss Ratings lowered Markel Group from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $2,025.00.

Markel Group Trading Up 0.5%

Shares of NYSE:MKL opened at $1,781.71 on Friday. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The business's fifty day simple moving average is $1,948.66 and its 200-day simple moving average is $2,019.18. The company has a market capitalization of $22.29 billion, a PE ratio of 12.84 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts' consensus estimates of $26.38 by ($45.28). The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. As a group, equities research analysts predict that Markel Group Inc. will post 117.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, CEO Simon Wilson sold 100 shares of the firm's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer owned 2,397 shares of the company's stock, valued at $4,984,513.56. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by insiders.

Markel Group Company Profile

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.

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