Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 130 Shares of Markel Group Inc. $MKL

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Markel Group Inc. by 2.2%, owning 6,145 shares worth approximately $11.49 million after acquiring an additional 130 shares in the first quarter.
• Markel Group reported a 25.46 EPS for the last quarter, exceeding analysts' expectations of $24.74, with revenues reaching $4.82 billion, a 24.3% increase from the prior year.
• Investment analysts have raised Markel Group's rating from "hold" to "buy," with a consensus target price of $1,820.33.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,145 shares of the insurance provider's stock after acquiring an additional 130 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Markel Group were worth $11,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Markel Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider's stock worth $2,165,962,000 after acquiring an additional 7,914 shares in the last quarter. Davis Selected Advisers lifted its holdings in Markel Group by 0.3% during the 1st quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider's stock worth $694,502,000 after buying an additional 947 shares in the last quarter. Bank of America Corp DE lifted its holdings in Markel Group by 0.7% during the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after buying an additional 915 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after buying an additional 19,657 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Markel Group by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock worth $201,393,000 after buying an additional 1,975 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Up 0.8%

Shares of MKL stock traded up $14.9480 during trading hours on Wednesday, reaching $1,970.3880. The company had a trading volume of 50,626 shares, compared to its average volume of 45,393. The company has a 50 day moving average of $1,974.34 and a 200 day moving average of $1,900.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of 11.82 and a beta of 0.82. Markel Group Inc. has a 1-year low of $1,494.00 and a 1-year high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm's quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $18.62 EPS. On average, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director owned 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Markel Group has a consensus rating of "Hold" and an average price target of $1,820.33.

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.