Nordea Investment Management AB Has $1.66 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Nordea Investment Management AB grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 958 shares of the insurance provider’s stock after purchasing an additional 39 shares during the period. Nordea Investment Management AB’s holdings in Markel Group were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Everence Capital Management Inc. acquired a new position in shares of Markel Group during the fourth quarter valued at about $1,243,000. GAMMA Investing LLC raised its holdings in shares of Markel Group by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 55 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 11 shares during the last quarter. First Financial Bank Trust Division acquired a new stake in shares of Markel Group in the 4th quarter worth about $207,000. JPMorgan Chase & Co. raised its holdings in shares of Markel Group by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,906 shares of the insurance provider’s stock worth $39,067,000 after acquiring an additional 5,595 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Markel Group in the 3rd quarter worth about $3,125,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Jefferies Financial Group upped their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Trading Down 2.7 %

NYSE:MKL opened at $1,661.93 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $21.38 billion, a price-to-earnings ratio of 7.67 and a beta of 0.78. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The firm has a 50-day moving average price of $1,715.15 and a two-hundred day moving average price of $1,618.45.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. On average, equities analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Markel Group 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.