Markel Group Inc. $MKL Shares Sold by Danske Bank A S

Danske Bank A S decreased its holdings in Markel Group Inc. (NYSE:MKL) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,253 shares of the insurance provider’s stock after selling 1,042 shares during the quarter. Danske Bank A S’s holdings in Markel Group were worth $26,340,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Markel Group by 7.9% during the 4th quarter. Jennison Associates LLC now owns 73,199 shares of the insurance provider’s stock worth $157,352,000 after buying an additional 5,346 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Markel Group by 0.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 4,121 shares of the insurance provider’s stock valued at $8,859,000 after purchasing an additional 34 shares in the last quarter. Canandaigua National Trust Co of Florida grew its position in Markel Group by 157.0% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 293 shares of the insurance provider’s stock worth $630,000 after acquiring an additional 179 shares during the period. Keybank National Association OH grew its position in Markel Group by 0.7% in the fourth 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. Finally, Wealthfront Advisers LLC grew its stake in shares of Markel Group by 2.4% in the fourth quarter. Wealthfront Advisers LLC now owns 921 shares of the insurance provider’s stock valued at $1,980,000 after buying an additional 22 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

MKL stock opened at $1,781.71 on Friday. The stock’s 50 day moving average price is $1,948.66 and its 200 day moving average price is $2,019.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $22.29 billion, a P/E ratio of 12.84 and a beta of 0.67. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate 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 net margin of 10.85% and a return on equity of 7.90%. On average, sell-side analysts expect that Markel Group Inc. will post 117.52 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MKL has been the topic of several analyst reports. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday. Truist Financial dropped their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

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.