Pensionfund Sabic Has $1.02 Million Position in Markel Group Inc. (NYSE:MKL)

Pensionfund Sabic lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 23.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 650 shares of the insurance provider’s stock after selling 200 shares during the period. Pensionfund Sabic’s holdings in Markel Group were worth $1,020,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Financial Group bought a new stake in shares of Markel Group in the fourth quarter valued at approximately $200,000. Centaurus Financial Inc. grew its position in Markel Group by 0.9% in the 4th quarter. Centaurus Financial Inc. now owns 2,359 shares of the insurance provider’s stock worth $3,349,000 after purchasing an additional 20 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of Markel Group by 2.7% during the 4th quarter. Trust Co. of Vermont now owns 617 shares of the insurance provider’s stock worth $876,000 after purchasing an additional 16 shares during the period. Vanguard Group Inc. raised its position in shares of Markel Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after buying an additional 9,216 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Markel Group in the fourth quarter valued at about $57,000. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday. TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Citigroup raised their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,643.50.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

NYSE MKL opened at $1,549.00 on Friday. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 10.08 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The company has a 50 day moving average of $1,557.24 and a 200-day moving average of $1,558.70.

Markel Group (NYSE:MKL) last issued 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 during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, equities analysts forecast that Markel Group Inc. will post 89.94 earnings per share for the current fiscal year.

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.