Markel Group Inc. $MKL Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S boosted its Markel Group stake by 264.8% in the first quarter, holding 2,645 shares valued at about $5.06 million.
• Several other institutional investors also added small positions, and the article notes that 77.12% of Markel Group shares are owned by institutions and hedge funds.
• Analyst sentiment remains cautious: the stock carries an overall Hold rating with an average target price of $2,025, while the company recently reported earnings that missed estimates on both EPS and revenue.

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 264.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,645 shares of the insurance provider's stock after buying an additional 1,920 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Markel Group were worth $5,063,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MKL. Diversify Advisory Services LLC boosted its holdings in shares of Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider's stock valued at $239,000 after acquiring an additional 5 shares during the period. Keybank National Association OH increased its holdings in shares of Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider's stock worth $1,644,000 after acquiring an additional 5 shares during the period. Wellington Shields & Co. LLC increased its holdings in shares of Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock worth $344,000 after acquiring an additional 5 shares during the period. Root Financial Partners LLC lifted its position in Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider's stock valued at $88,000 after purchasing an additional 5 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock valued at $254,000 after purchasing an additional 5 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on MKL shares. Weiss Ratings cut shares of Markel Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 11th. Wall Street Zen cut Markel Group from a "buy" rating to a "sell" rating in a report on Saturday, May 2nd. Truist Financial reduced 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 report on Thursday, April 30th. Finally, Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They issued a "neutral" rating and a $2,100.00 price objective for the company. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $2,025.00.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane Leopold acquired 50 shares of the company's stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the purchase, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This represents a 10.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.08% of the company's stock.

Markel Group Stock Up 0.7%

MKL stock opened at $1,859.89 on Tuesday. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 13.40 and a beta of 0.67. The firm's 50-day moving average is $1,859.28 and its two-hundred day moving average is $1,980.57. 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 issued its quarterly earnings results 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). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. On average, analysts forecast that Markel Group Inc. will post 113.55 earnings per share for the current fiscal year.

Markel Group 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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