Swiss National Bank Sells 1,910 Shares of Markel Group Inc. $MKL

Swiss National Bank lessened its holdings in Markel Group Inc. (NYSE:MKL) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,570 shares of the insurance provider’s stock after selling 1,910 shares during the period. Swiss National Bank owned approximately 0.29% of Markel Group worth $69,898,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Canerector Inc. grew its stake in shares of Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after buying an additional 10,698,016 shares in the last quarter. Select Equity Group L.P. raised its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares in the last quarter. Norges Bank bought a new position in shares of Markel Group in the 2nd quarter valued at about $288,361,000. Rakuten Investment Management Inc. purchased a new position in Markel Group in the third quarter worth about $46,738,000. Finally, Strive Asset Management LLC bought a new stake in Markel Group during the third quarter worth approximately $38,227,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MKL. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Finally, Truist Financial increased their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2,100.00.

Markel Group Price Performance

Markel Group stock opened at $1,955.01 on Thursday. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of 11.52 and a beta of 0.77. The firm has a 50-day moving average of $2,065.48 and a two-hundred day moving average of $2,024.41. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Transactions at Markel Group

In other Markel Group news, CEO Simon Wilson sold 100 shares of the firm’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 transaction, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.66% of the stock is currently owned by company insiders.

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.