4,307 Shares in Markel Group Inc. $MKL Acquired by Nykredit A S

Nykredit A S bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,307 shares of the insurance provider's stock, valued at approximately $8,412,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MKL. BlackRock Inc. purchased a new position in Markel Group during the second quarter worth about $1,362,880,000. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider's stock valued at $440,379,000 after buying an additional 23,631 shares during the period. Norges Bank purchased a new stake in shares of Markel Group in the 4th quarter valued at approximately $317,583,000. Dimensional Fund Advisors LP increased its holdings in shares of Markel Group by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider's stock worth $262,172,000 after buying an additional 6,428 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $231,608,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1%

MKL opened at $1,774.27 on Tuesday. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The firm has a market cap of $21.98 billion, a P/E ratio of 9.76 and a beta of 0.65. The business's fifty day simple moving average is $1,858.48 and its 200 day simple moving average is $1,880.93. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MKL. Weiss Ratings lowered Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Wolfe Research initiated coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an "underperform" rating on the stock. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group Company Profile

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers' compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.

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