875 Shares in Markel Group Inc. $MKL Bought by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors opened a new Markel Group position by purchasing 875 shares valued at approximately $1.5 million. Institutional investors and hedge funds collectively own 77.12% of MKL.
• Other major investors, including BlackRock, Bank of America, Davis Asset Management and Dimensional Fund Advisors, also established or increased positions in Markel during recent quarters.
• Analyst sentiment remains cautious: four analysts rate MKL a Hold and one rates it Sell, resulting in a consensus “Reduce” rating and a $2,025 target price. Shares recently traded at $1,868.62, near the midpoint of their 52-week range.

Soltis Investment Advisors LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 875 shares of the insurance provider's stock, valued at approximately $1,498,000.

Several other hedge funds have also added to or reduced their stakes in MKL. BlackRock Inc. acquired a new position in Markel Group in the 2nd quarter valued at $1,362,880,000. Dimensional Fund Advisors LP lifted its holdings in shares of Markel Group by 4.9% during the first 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 in the last quarter. Bank of America Corp DE acquired a new stake in shares of Markel Group during the second quarter worth $231,608,000. Davis Asset Management L.P. acquired a new stake in shares of Markel Group during the second quarter worth $179,882,000. Finally, JANA Partners Management LP boosted its position in shares of Markel Group by 1.9% in the second quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider's stock valued at $149,880,000 after acquiring an additional 1,436 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MKL. Weiss Ratings downgraded shares of Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group Trading Up 0.1%

Shares of MKL stock opened at $1,868.62 on Friday. 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 stock has a market cap of $22.85 billion, a P/E ratio of 16.88 and a beta of 0.64. The stock has a 50 day simple moving average of $1,798.38 and a 200 day simple moving average of $1,899.53. Markel Group Inc. has a 1 year low of $1,704.17 and a 1 year high of $2,207.59.

Markel Group Company Profile

Markel Group Inc NYSE: MKL is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel's insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers' compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.

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