North Dakota State Investment Board Invests $944,000 in Markel Group Inc. $MKL

North Dakota State Investment Board bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 439 shares of the insurance provider’s stock, valued at approximately $944,000.

A number of other large investors also recently made changes to their positions in the company. Diversify Advisory Services LLC increased its stake in shares of Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 5 shares during the period. Keybank National Association OH increased its stake in shares of Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after purchasing an additional 5 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in Markel Group by 31.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 29 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 7 shares during the period. Park Avenue Securities LLC increased its stake in Markel Group by 5.9% during the 4th quarter. Park Avenue Securities LLC now owns 125 shares of the insurance provider’s stock worth $269,000 after acquiring an additional 7 shares during the period. Finally, TCV Trust & Wealth Management Inc. increased its stake in Markel Group by 6.6% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 113 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 7 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.1%

NYSE MKL opened at $1,861.53 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a market cap of $23.29 billion, a price-to-earnings ratio of 13.41 and a beta of 0.67. The business’s fifty day moving average is $1,896.72 and its 200 day moving average is $2,014.72.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, sell-side analysts expect that Markel Group Inc. will post 111.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MKL shares. Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Truist Financial lowered their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Brean Capital started coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average price target of $2,025.00.

Insider Transactions at Markel Group

In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at $4,984,513.56. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane Leopold bought 50 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares in the company, valued at $984,054.50. This represents a 10.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.08% of the company’s stock.

Markel Group Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.