Nisa Investment Advisors LLC Trims Stake in Markel Group Inc. $MKL

Nisa Investment Advisors LLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 44.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 782 shares of the insurance provider’s stock after selling 626 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Markel Group were worth $1,681,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MKL. East Coast Asset Management LLC. increased its position in Markel Group by 0.3% during the second quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock worth $4,334,000 after purchasing an additional 6 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Markel Group by 5.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock worth $229,000 after acquiring an additional 6 shares during the last quarter. Hemington Wealth Management raised its position in Markel Group by 35.3% in the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 6 shares during the period. Resonant Capital Advisors LLC raised its holdings in Markel Group by 0.9% in the 3rd quarter. Resonant Capital Advisors LLC now owns 688 shares of the insurance provider’s stock valued at $1,315,000 after buying an additional 6 shares during the period. Finally, State of Wyoming raised its stake in shares of Markel Group by 35.0% in the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 7 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MKL. Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Truist Financial raised their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a report on Friday, February 6th. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Friday, March 27th. Finally, Brean Capital initiated coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Trading Up 0.0%

NYSE MKL opened at $1,899.56 on Friday. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,207.59. The firm has a market cap of $23.89 billion, a PE ratio of 11.19 and a beta of 0.79. The firm’s fifty day moving average is $2,000.16 and its two-hundred day moving average is $2,019.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Transactions at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is owned by company 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.