Commerce Bank Invests $2.45 Million in Markel Group Inc. $MKL

Key Points

• Commerce Bank purchased 1,254 Markel Group shares in the second quarter, investing approximately $2.45 million. Institutional investors collectively own 77.12% of the insurer’s outstanding stock.
• Analyst sentiment remains cautious: Markel has a consensus “Hold” rating from six analysts, with one Buy, four Holds, and one Sell, and an average price target of $2,025.
• Markel shares opened at $1,817.76 and have traded between $1,719.41 and $2,207.59 over the past year. The company has a market capitalization of approximately $22.52 billion and a P/E ratio of 10.0.

Commerce Bank purchased a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,254 shares of the insurance provider's stock, valued at approximately $2,449,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keybank National Association OH grew its stake in Markel Group by 0.7% during the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider's stock valued at $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC raised its position in shares of Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock valued at $344,000 after purchasing an additional 5 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Markel Group by 13.9% in the 4th 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 in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Markel Group by 4.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock valued at $254,000 after buying an additional 5 shares during the last quarter. Finally, Lido Advisors LLC grew its position 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 worth $912,000 after buying an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MKL shares. Weiss Ratings upgraded shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Truist Financial reduced their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating on the stock in a research note on Thursday, April 30th. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating for the company. 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 research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2,025.00.

Markel Group Trading Up 1.2%

NYSE:MKL opened at $1,817.76 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $1,907.04 and its two-hundred day moving average is $1,919.36. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The company has a market cap of $22.52 billion, a PE ratio of 10.00 and a beta of 0.66.

Markel Group Company Profile

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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