APG Asset Management N.V. Sells 5,493 Shares of Markel Group Inc. (NYSE:MKL)

APG Asset Management N.V. lessened its stake in Markel Group Inc. (NYSE:MKL) by 9.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,016 shares of the insurance provider’s stock after selling 5,493 shares during the quarter. APG Asset Management N.V.’s holdings in Markel Group were worth $73,532,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Markel Group during the 2nd quarter valued at $45,000. Point72 Hong Kong Ltd bought a new position in Markel Group during the second quarter worth about $416,000. Squarepoint Ops LLC increased its stake in shares of Markel Group by 23.1% in the second quarter. Squarepoint Ops LLC now owns 3,401 shares of the insurance provider’s stock worth $5,359,000 after purchasing an additional 638 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Markel Group in the second quarter valued at approximately $65,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Markel Group by 59.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,511 shares of the insurance provider’s stock valued at $3,956,000 after buying an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 1.1 %

Markel Group stock opened at $1,574.72 on Friday. The stock has a market cap of $20.48 billion, a P/E ratio of 8.51 and a beta of 0.73. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The firm’s fifty day moving average price is $1,562.47 and its 200-day moving average price is $1,554.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Equities research analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MKL. Citigroup lifted their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. TD Cowen started coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target for the company. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Markel Group has a consensus rating of “Hold” and an average price target of $1,626.83.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham purchased 20 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the purchase, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by insiders.

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.