DNB Asset Management AS Has $3.64 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

DNB Asset Management AS boosted its position in shares of Markel Group Inc. (NYSE:MKL) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,310 shares of the insurance provider’s stock after purchasing an additional 41 shares during the period. DNB Asset Management AS’s holdings in Markel Group were worth $3,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. Vanguard Group Inc. raised its holdings in shares of Markel Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after purchasing an additional 9,216 shares in the last quarter. Boston Partners raised its holdings in Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after buying an additional 57,528 shares in the last quarter. Norges Bank acquired a new stake in shares of Markel Group in the fourth quarter worth about $214,216,000. Mackenzie Financial Corp boosted its stake in shares of Markel Group by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock worth $183,935,000 after acquiring an additional 3,476 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Markel Group by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 100,339 shares of the insurance provider’s stock valued at $142,465,000 after acquiring an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the transaction, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Steven A. Markel sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the completion of the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence A. Cunningham purchased 20 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

Markel Group Stock Down 0.5 %

MKL opened at $1,504.03 on Wednesday. The company has a market capitalization of $19.56 billion, a P/E ratio of 8.15 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.61. The firm’s fifty day moving average price is $1,581.52 and its two-hundred day moving average price is $1,531.03. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

Wall Street Analyst Weigh In

Several brokerages have commented on MKL. TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. Truist Financial raised their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Finally, Citigroup raised their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Company 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.