Bank of Nova Scotia Takes Position in Markel Group Inc. $MKL

Bank of Nova Scotia bought a new stake in Markel Group Inc. (NYSE:MKL) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 757 shares of the insurance provider’s stock, valued at approximately $1,479,000.

Other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $26,000. Reflection Asset Management bought a new position in Markel Group in the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group during the third quarter worth $29,000. Basepoint Wealth LLC acquired a new stake in Markel Group during the fourth quarter worth $32,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Markel Group in the 4th quarter valued at $39,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 0.5%

Shares of NYSE MKL opened at $1,818.05 on Thursday. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The firm’s 50-day simple moving average is $1,904.56 and its 200 day simple moving average is $1,915.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $22.53 billion, a price-to-earnings ratio of 10.00 and a beta of 0.66.

Analysts Set New Price Targets

MKL has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Markel Group has an average rating of “Hold” and a consensus target price of $2,025.00.

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.