Nisa Investment Advisors LLC Boosts Holdings in Markel Group Inc. $MKL

Nisa Investment Advisors LLC increased its holdings in Markel Group Inc. (NYSE:MKL) by 62.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,408 shares of the insurance provider’s stock after purchasing an additional 542 shares during the period. Nisa Investment Advisors LLC’s holdings in Markel Group were worth $2,691,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Clearstead Trust LLC boosted its position in Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after buying an additional 9 shares during the period. Chilton Capital Management LLC purchased a new stake in Markel Group during the 2nd quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in Markel Group during the 2nd quarter valued at about $38,000. GoalVest Advisory LLC bought a new position in Markel Group during the 3rd quarter worth approximately $38,000. Finally, State of Wyoming increased its stake in Markel Group by 35.0% in the 2nd quarter. State of Wyoming now owns 27 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 7 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE:MKL opened at $2,118.36 on Tuesday. The stock has a market cap of $26.71 billion, a P/E ratio of 13.26 and a beta of 0.80. The firm’s fifty day simple moving average is $2,101.49 and its 200 day simple moving average is $2,003.01. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping the consensus estimate of $22.77 by $8.13. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. As a group, research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of “Moderate Buy” and an average price target of $2,025.00.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of Markel Group stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the sale, the chief executive officer directly owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,575 shares of company stock worth $3,330,900. Insiders own 1.66% of the company’s stock.

About Markel Group

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.