Markel Group Inc. $MKL Shares Acquired by Adams Asset Advisors LLC

Key Points

• Adams Asset Advisors LLC tripled its Markel Group stake in the third quarter, purchasing 4,000 additional shares to own 6,000 shares valued at approximately $10.3 million.
• Institutional investors and hedge funds own 77.12% of Markel’s outstanding shares, with several firms recently initiating or adding to positions.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating and a $2,025 target price. Shares recently traded at $1,765.68, up 2.2%.

Adams Asset Advisors LLC raised its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 200.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the insurance provider's stock after purchasing an additional 4,000 shares during the period. Markel Group accounts for approximately 1.0% of Adams Asset Advisors LLC's investment portfolio, making the stock its 29th biggest position. Adams Asset Advisors LLC's holdings in Markel Group were worth $10,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Reflection Asset Management acquired a new stake in shares of Markel Group in the fourth quarter valued at about $26,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Markel Group during the second quarter worth about $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Markel Group in the second quarter worth approximately $39,000. NFSG Corp bought a new stake in Markel Group in the first quarter valued at approximately $40,000. Finally, Security National Bank of SO Dak acquired a new position in shares of Markel Group in the 2nd quarter worth approximately $45,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MKL shares. Wolfe Research initiated coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an "underperform" rating for the company. Weiss Ratings lowered shares of Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 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. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group Trading Up 2.2%

Shares of MKL stock traded up $37.48 during trading hours on Thursday, hitting $1,765.68. 68,989 shares of the company were exchanged, compared to its average volume of 64,687. The company has a 50 day simple moving average of $1,800.46 and a two-hundred day simple moving average of $1,861.89. The firm has a market cap of $21.88 billion, a P/E ratio of 9.71 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a fifty-two week low of $1,704.17 and a fifty-two week high of $2,207.59.

Markel Group Profile

Markel Group Inc NYSE: MKL is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel's insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.

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