Nisa Investment Advisors LLC Sells 626 Shares of Markel Group Inc. $MKL

Nisa Investment Advisors LLC decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 44.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 782 shares of the insurance provider’s stock after selling 626 shares during the period. Nisa Investment Advisors LLC’s holdings in Markel Group were worth $1,681,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Canerector Inc. increased its stake in Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after acquiring an additional 10,698,016 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Markel Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock valued at $2,242,020,000 after acquiring an additional 5,184 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Markel Group by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after acquiring an additional 9,496 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of Markel Group by 0.6% in the third quarter. Davis Selected Advisers now owns 373,528 shares of the insurance provider’s stock valued at $713,946,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Markel Group news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is owned by insiders.

Markel Group Stock Performance

NYSE MKL opened at $1,899.56 on Friday. The company has a market cap of $23.89 billion, a P/E ratio of 11.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50 day moving average price is $2,000.16 and its 200-day moving average price is $2,019.17. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59.

Wall Street Analyst Weigh In

MKL has been the topic of several research reports. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Brean Capital assumed coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price on the stock. Finally, Truist Financial upped their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2,100.00.

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.