Swiss National Bank Reduces Position in Markel Group Inc. (NYSE:MKL)

Swiss National Bank reduced its holdings in Markel Group Inc. (NYSE:MKL) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,400 shares of the insurance provider’s stock after selling 1,350 shares during the period. Swiss National Bank owned approximately 0.30% of Markel Group worth $55,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in shares of Markel Group in the third quarter valued at approximately $203,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Markel Group by 6.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,875 shares of the insurance provider’s stock worth $2,761,000 after acquiring an additional 111 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Markel Group by 43.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,859 shares of the insurance provider’s stock worth $4,210,000 after acquiring an additional 864 shares during the period. Xponance Inc. boosted its position in shares of Markel Group by 16.5% during the 3rd quarter. Xponance Inc. now owns 545 shares of the insurance provider’s stock valued at $803,000 after acquiring an additional 77 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Markel Group in the third quarter valued at about $233,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Truist Financial raised their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday. Royal Bank of Canada increased their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,520.00.

Markel Group Price Performance

MKL opened at $1,581.06 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 8.54 and a beta of 0.69. The stock’s 50-day moving average price is $1,488.09 and its 200 day moving average price is $1,444.75. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,588.31.

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.