PensionDanmark Pensionsforsikringsaktieselskab Reduces Position in Markel Group Inc. $MKL

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in shares of Markel Group Inc. (NYSE:MKLFree Report) by 74.0% in the second quarter, Holdings Channel.com reports. The firm owned 1,270 shares of the insurance provider’s stock after selling 3,613 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Markel Group were worth $2,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Markel Group by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after acquiring an additional 11,439 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Markel Group by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after purchasing an additional 732 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after purchasing an additional 679 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares during the period. Finally, Baxter Bros Inc. lifted its holdings in Markel Group by 44.3% during the 4th quarter. Baxter Bros Inc. now owns 2,537 shares of the insurance provider’s stock worth $5,454,000 after purchasing an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE:MKL opened at $1,837.31 on Tuesday. The stock has a market cap of $22.76 billion, a P/E ratio of 10.10 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $1,906.11 and its two-hundred day moving average price is $1,934.34. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Analyst Ratings Changes

A number of research firms have weighed in on MKL. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Truist Financial cut their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Markel Group currently has an average rating of “Reduce” and an average price target of $2,025.00.

Read Our Latest Report on MKL

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.08% of the company’s stock.

About Markel Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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