Skandinaviska Enskilda Banken AB publ Grows Position in Markel Group Inc. (NYSE:MKL)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Markel Group by 6.5% after acquiring 170 additional shares, bringing its total to 2,793 shares, valued at approximately $5.22 million.
• Insider Director Greta J. Harris sold 90 shares of Markel Group, representing a 12.47% decrease in their position, with shares sold for a total of $167,529.60.
• Markel Group received an upgrade from a "hold" to a "buy" rating from Argus, with a consensus rating of "Hold" and an average target price of $1,820.33.

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,793 shares of the insurance provider's stock after purchasing an additional 170 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Markel Group were worth $5,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Norges Bank bought a new stake in Markel Group during the 4th quarter valued at $254,795,000. GAMMA Investing LLC grew its stake in shares of Markel Group by 210,656.4% in the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after acquiring an additional 115,861 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Markel Group by 19.3% in 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 acquiring an additional 19,657 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Markel Group by 18.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock worth $174,425,000 after acquiring an additional 15,916 shares in the last quarter. Finally, Rockbridge Capital Management LLC purchased a new position in shares of Markel Group in the 4th quarter worth about $24,834,000. Institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,820.33.

Insider Buying and Selling

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

Markel Group Stock Performance

NYSE MKL traded up $33.20 during trading on Thursday, hitting $2,039.77. 37,933 shares of the company's stock traded hands, compared to its average volume of 57,872. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 15.02 and a beta of 0.84. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,075.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50 day moving average of $1,967.60 and a 200-day moving average of $1,884.10.

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.