Glenview Trust Co acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,454 shares of the insurance provider's stock, valued at approximately $2,840,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group in the fourth quarter valued at $26,000. Reflection Asset Management acquired a new position in shares of Markel Group during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the 3rd quarter valued at about $29,000. Basepoint Wealth LLC purchased a new position in shares of Markel Group in the 4th quarter valued at about $32,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Markel Group during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 77.12% of the company's stock.
Markel Group Stock Up 0.9%
MKL stock opened at $1,821.21 on Friday. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 10.01 and a beta of 0.66. The company has a fifty day moving average price of $1,902.99 and a 200 day moving average price of $1,912.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MKL. Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating on the stock. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $2,025.00.
Read Our Latest Report on Markel Group
About Markel Group
(
Free Report)
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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