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

Swiss National Bank lowered its holdings in Markel Group Inc. (NYSE:MKL) by 5.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 36,570 shares of the insurance provider’s stock after selling 1,910 shares during the quarter. Swiss National Bank’s holdings in Markel Group were worth $69,898,000 as of its most recent SEC filing.

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

Insider Transactions at Markel Group

In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the transaction, the chief executive officer directly owned 2,397 shares in the company, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,955.01 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The company’s 50 day moving average is $2,065.48 and its 200 day moving average is $2,024.41. The company has a market cap of $24.59 billion, a PE ratio of 11.52 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MKL. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Truist Financial raised their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $2,100.00.

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.