Tredje AP fonden Sells 1,039 Shares of Markel Group Inc. (NYSE:MKL)

Tredje AP fonden trimmed its position in Markel Group Inc. (NYSE:MKL - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,040 shares of the insurance provider's stock after selling 1,039 shares during the quarter. Tredje AP fonden's holdings in Markel Group were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MKL. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter worth $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter worth $36,000. SBI Securities Co. Ltd. acquired a new position in Markel Group during the 4th quarter valued at $36,000. FPC Investment Advisory Inc. acquired a new position in Markel Group during the 4th quarter valued at $37,000. Finally, Global Trust Asset Management LLC acquired a new position in Markel Group during the 4th quarter valued at $41,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the sale, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by insiders.

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Markel Group Stock Performance

Markel Group stock traded up $7.15 on Wednesday, hitting $1,851.92. The company's stock had a trading volume of 35,749 shares, compared to its average volume of 45,687. The firm has a market cap of $23.65 billion, a P/E ratio of 9.30 and a beta of 0.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $1,843.78 and a 200-day moving average price of $1,713.55. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. On average, equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MKL. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada upped their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, Markel Group has an average rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Profile

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.