HighTower Advisors LLC Sells 1,502 Shares of Markel Group Inc. $MKL

Key Points

• HighTower Advisors reduced its Markel Group stake by 2.4% in the second quarter, selling 1,502 shares and retaining 61,151 shares valued at approximately $119.4 million.
• Institutional investors own 77.12% of Markel, with several firms increasing their positions during the quarter, including the Saudi Central Bank and Guardian Wealth Advisors.
• Markel shares opened at $1,828.12, below the consensus analyst target of $2,025. Analysts maintain a consensus “Hold” rating, with one Buy, four Hold, and one Sell recommendation.

HighTower Advisors LLC decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,151 shares of the insurance provider's stock after selling 1,502 shares during the period. HighTower Advisors LLC owned approximately 0.49% of Markel Group worth $119,428,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System grew its holdings in Markel Group by 194,510.4% during the 2nd quarter. California State Teachers Retirement System now owns 35,222,535 shares of the insurance provider's stock worth $68,789,963,000 after acquiring an additional 35,204,436 shares during the period. Guardian Wealth Advisors LLC NC lifted its stake in shares of Markel Group by 11.4% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 302 shares of the insurance provider's stock valued at $590,000 after purchasing an additional 31 shares during the period. Wedmont Private Capital lifted its stake in shares of Markel Group by 13.7% in the 2nd quarter. Wedmont Private Capital now owns 133 shares of the insurance provider's stock valued at $259,000 after purchasing an additional 16 shares during the period. Saudi Central Bank boosted its position in shares of Markel Group by 88.8% during the 2nd quarter. Saudi Central Bank now owns 878 shares of the insurance provider's stock valued at $1,715,000 after purchasing an additional 413 shares in the last quarter. Finally, Strive Financial Group LLC boosted its position in shares of Markel Group by 8.9% during the 2nd quarter. Strive Financial Group LLC now owns 134 shares of the insurance provider's stock valued at $262,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,828.12 on Monday. The firm has a market capitalization of $22.65 billion, a P/E ratio of 10.05 and a beta of 0.65. The firm's 50-day moving average price is $1,895.75 and its 200-day moving average price is $1,902.58. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MKL shares. Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Wolfe Research began coverage on Markel Group in a research note on Wednesday, July 1st. They issued an "underperform" rating on the stock. Finally, Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Markel Group presently has a consensus rating of "Hold" and a consensus target price of $2,025.00.

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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