Swedbank AB Sells 772 Shares of Markel Group Inc. (NYSE:MKL)

Swedbank AB trimmed its position in Markel Group Inc. (NYSE:MKL) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,116 shares of the insurance provider’s stock after selling 772 shares during the quarter. Swedbank AB’s holdings in Markel Group were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MKL. Brooklyn Investment Group bought a new stake in Markel Group during the third quarter valued at about $31,000. Toth Financial Advisory Corp boosted its stake in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC acquired a new stake in Markel Group in the 3rd quarter valued at approximately $36,000. Global Trust Asset Management LLC bought a new position in Markel Group in the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group during the third quarter worth approximately $42,000. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MKL shares. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada reduced their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

NYSE MKL opened at $1,829.52 on Monday. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,842.48. 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 stock has a market cap of $23.53 billion, a P/E ratio of 8.44 and a beta of 0.78. The company’s 50-day simple moving average is $1,751.84 and its 200 day simple moving average is $1,641.26.

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.