Markel Group Inc. $MKL Shares Acquired by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. increased its holdings in Markel Group Inc. (NYSE:MKL) by 26.8% during the third quarter, Holdings Channel.com reports. The firm owned 6,428 shares of the insurance provider’s stock after acquiring an additional 1,357 shares during the quarter. Markel Group accounts for 1.2% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 22nd largest holding. Culbertson A N & Co. Inc.’s holdings in Markel Group were worth $11,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Markel Group in the second quarter worth $1,362,880,000. Bank of America Corp DE bought a new position in shares of Markel Group during the second quarter valued at approximately $231,608,000. Davis Asset Management L.P. purchased a new stake in shares of Markel Group in the second quarter worth approximately $179,882,000. Legal & General Group Plc bought a new stake in shares of Markel Group during the second quarter worth $122,219,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Markel Group during the second quarter valued at $68,051,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of a number of recent research reports. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Stock Performance

MKL opened at $1,906.94 on Friday. Markel Group Inc. has a twelve month low of $1,704.17 and a twelve month high of $2,207.59. The firm has a market capitalization of $23.63 billion, a PE ratio of 17.58 and a beta of 0.64. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $1,792.13 and its 200 day moving average price is $1,856.81.

About Markel Group

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.