California State Teachers Retirement System Sells 64 Shares of Markel Group Inc. $MKL

California State Teachers Retirement System cut its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,035 shares of the insurance provider's stock after selling 64 shares during the period. California State Teachers Retirement System owned about 0.15% of Markel Group worth $35,222,535 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group in the 4th quarter worth approximately $26,000. Reflection Asset Management acquired a new stake in Markel Group in the 4th quarter valued at $26,000. Basepoint Wealth LLC acquired a new stake in shares of Markel Group during the fourth quarter worth $32,000. Pin Oak Investment Advisors Inc. bought a new position in Markel Group in the second quarter valued at $31,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Markel Group during the fourth quarter worth approximately $39,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Performance

NYSE MKL traded down $8.25 during trading on Tuesday, reaching $1,790.21. 20,317 shares of the company's stock were exchanged, compared to its average volume of 62,605. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $22.18 billion, a P/E ratio of 9.83 and a beta of 0.65. The business has a 50 day moving average price of $1,875.91 and a 200-day moving average price of $1,890.84. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent research reports. Wolfe Research began coverage on Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating for the company. Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Finally, Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Markel Group has an average rating of "Hold" and a consensus price target of $2,025.00.

Markel Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.