Illinois Municipal Retirement Fund Sells 280 Shares of Markel Group Inc. $MKL

Illinois Municipal Retirement Fund decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,948 shares of the insurance provider’s stock after selling 280 shares during the period. Illinois Municipal Retirement Fund’s holdings in Markel Group were worth $10,186,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Heartwood Wealth Advisors LLC lifted its position in shares of Markel Group by 2.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock worth $387,000 after buying an additional 6 shares during the last quarter. Signaturefd LLC increased its position in Markel Group by 3.2% in the third quarter. Signaturefd LLC now owns 225 shares of the insurance provider’s stock worth $386,000 after buying an additional 7 shares during the period. Valeo Financial Advisors LLC increased its position in Markel Group by 6.6% in the third quarter. Valeo Financial Advisors LLC now owns 130 shares of the insurance provider’s stock worth $223,000 after buying an additional 8 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Markel Group by 6.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $212,000 after buying an additional 8 shares during the period. Finally, North Dakota State Investment Board lifted its stake in Markel Group by 2.2% in the third quarter. North Dakota State Investment Board now owns 378 shares of the insurance provider’s stock valued at $647,000 after buying an additional 8 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings cut shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Finally, DOWLING & PARTN assumed coverage on shares of Markel Group in a research report on Wednesday, November 4th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Markel Group currently has an average rating of “Reduce” and an average target price of $2,025.00.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,975.18 on Thursday. Markel Group Inc. has a 52 week low of $1,704.17 and a 52 week high of $2,207.59. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $24.16 billion, a PE ratio of 14.03 and a beta of 0.60. The company’s 50-day moving average price is $1,820.01 and its two-hundred day moving average price is $1,894.66.

About Markel Group

Markel Group Inc. is a diversified financial holding company best known for its specialty insurance and reinsurance operations. Through its insurance businesses, the company provides coverage for commercial and individual risks that may require specialized underwriting, serving customers in the United States and international markets. Founded in 1930 by Sam Markel, the company has expanded beyond insurance. Its Markel Ventures division owns and operates businesses across a range of industries, while its investment activities support the group’s broader operations.