Tredje AP fonden Has $3.28 Million Position in Markel Group Inc. (NYSE:MKL)

Tredje AP fonden reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,079 shares of the insurance provider’s stock after selling 32 shares during the period. Tredje AP fonden’s holdings in Markel Group were worth $3,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group during the second quarter worth about $55,000. Ables Iannone Moore & Associates Inc. bought a new stake in Markel Group during the fourth quarter worth about $57,000. GAMMA Investing LLC raised its holdings in Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after acquiring an additional 18 shares in the last quarter. Evermay Wealth Management LLC bought a new stake in Markel Group during the first quarter worth about $75,000. Finally, Crewe Advisors LLC bought a new stake in Markel Group during the first quarter worth about $81,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on MKL shares. TD Cowen started coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Price Performance

NYSE:MKL opened at $1,584.66 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $1,566.36 and its two-hundred day moving average price is $1,552.16. The firm has a market capitalization of $20.61 billion, a price-to-earnings ratio of 8.56 and a beta of 0.73. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, analysts anticipate that Markel Group Inc. will post 89.1 earnings per share for the current year.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is owned by corporate insiders.

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.