Legal & General Group Plc purchased a new stake in Markel Group Inc. (NYSE:MKL – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 62,580 shares of the insurance provider’s stock, valued at approximately $122,219,000. Legal & General Group Plc owned 0.51% of Markel Group at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Keybank National Association OH increased its position in Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after acquiring an additional 5 shares during the period. Wellington Shields & Co. LLC grew its stake in shares of Markel Group by 3.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 5 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 5 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 5 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of Markel Group by 1.1% during the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after purchasing an additional 5 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MKL. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial reduced their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Wolfe Research assumed coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.
Markel Group Price Performance
Shares of NYSE MKL opened at $1,804.99 on Friday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. 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 has a 50-day moving average of $1,903.61 and a two-hundred day moving average of $1,913.61. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 9.93 and a beta of 0.66.
About Markel Group
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.
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