Handelsbanken Fonder AB Acquires 368 Shares of Markel Group Inc. (NYSE:MKL)

Handelsbanken Fonder AB increased its position in Markel Group Inc. (NYSE:MKL) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the insurance provider’s stock after purchasing an additional 368 shares during the period. Handelsbanken Fonder AB’s holdings in Markel Group were worth $4,954,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Empirical Asset Management LLC bought a new position in Markel Group during the 4th quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after acquiring an additional 14,507 shares during the period. Assenagon Asset Management S.A. lifted its stake in Markel Group by 167.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after acquiring an additional 14,022 shares during the period. State Street Corp lifted its stake in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after acquiring an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after acquiring an additional 10,973 shares during the period. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.71% of the company’s stock.

Markel Group Price Performance

MKL opened at $1,837.64 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $23.64 billion, a PE ratio of 9.23 and a beta of 0.78. The business’s 50-day moving average is $1,793.51 and its two-hundred day moving average is $1,675.65. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on MKL. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,685.17.

About Markel Group

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.