Markel Group Inc. $MKL Shares Bought by Culbertson A N & Co. Inc.

Key Points

• Culbertson A N & Co. increased its Markel Group stake by 26.8% in the third quarter, purchasing 1,357 additional shares and bringing its holdings to 6,428 shares valued at approximately $11.0 million.
• Institutional ownership remains high, with hedge funds and other institutional investors holding 77.12% of Markel’s outstanding stock; several other advisers also modestly increased their positions.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $2,025. Markel shares opened at $1,906.94, with a 12-month trading range of $1,704.17 to $2,207.59.

Culbertson A N & Co. Inc. lifted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 26.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,428 shares of the insurance provider's stock after buying an additional 1,357 shares during the period. Markel Group makes up 1.2% of Culbertson A N & Co. Inc.'s holdings, making the stock its 22nd biggest position. Culbertson A N & Co. Inc. owned 0.05% of Markel Group worth $11,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CHICAGO TRUST Co NA grew its holdings in shares of Markel Group by 5.6% during the first quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider's stock valued at $216,000 after purchasing an additional 6 shares during the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in Markel Group by 2.7% in the third quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider's stock worth $387,000 after purchasing an additional 6 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Markel Group by 6.6% in the third quarter. Valeo Financial Advisors LLC now owns 130 shares of the insurance provider's stock worth $223,000 after buying an additional 8 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Markel Group by 6.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 124 shares of the insurance provider's stock valued at $212,000 after buying an additional 8 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its stake in Markel Group by 3.6% during the 1st quarter. iA Global Asset Management Inc. now owns 286 shares of the insurance provider's stock valued at $547,000 after purchasing an additional 10 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MKL has been the topic of several research reports. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Wolfe Research initiated coverage on Markel Group in a research report on Wednesday, July 1st. They set an "underperform" rating on the stock. Finally, Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $2,025.00.

Markel Group Trading Up 1.9%

Shares of Markel Group stock opened at $1,906.94 on Friday. Markel Group Inc. has a 12-month low of $1,704.17 and a 12-month high of $2,207.59. The stock has a market cap of $23.63 billion, a P/E ratio of 17.58 and a beta of 0.64. The business's 50 day moving average is $1,792.13 and its 200-day moving average is $1,856.81. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Markel Group Profile

Markel Group Inc NYSE: MKL is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel's insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers' compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.

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