HighTower Advisors LLC Sells 1,502 Shares of Markel Group Inc. $MKL

HighTower Advisors LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,151 shares of the insurance provider’s stock after selling 1,502 shares during the period. HighTower Advisors LLC’s holdings in Markel Group were worth $119,428,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of Markel Group during the fourth quarter valued at about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 13 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after acquiring an additional 3,083 shares in the last quarter. Empowered Funds LLC boosted its stake in Markel Group by 49.1% during the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after purchasing an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Markel Group during the 2nd quarter valued at about $463,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. One 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. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Stock Performance

Shares of MKL stock opened at $1,828.12 on Monday. The firm has a 50-day moving average of $1,895.75 and a 200-day moving average of $1,902.58. The company has a market cap of $22.65 billion, a P/E ratio of 10.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59.

Markel Group Company 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.