Markel Group Inc. $MKL Shares Bought by Mraz Amerine & Associates Inc.

Key Points

• Mraz Amerine & Associates increased its Markel Group stake by 2.9% in the third quarter, adding 574 shares to hold 20,184 shares worth about $34.6 million. MKL represents 5.4% of the firm’s portfolio and is its fifth-largest holding.
• Other institutional investors also made moves in MKL, and institutional investors collectively own 77.12% of the stock.
• Analyst sentiment is cautious: four analysts rate the stock Hold and one rates it Sell, giving it a consensus “Reduce” rating and a $2,025 target price. Shares opened at $1,897.29 and were reported down 0.4%.

Mraz Amerine & Associates Inc. boosted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 2.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,184 shares of the insurance provider's stock after acquiring an additional 574 shares during the period. Markel Group accounts for approximately 5.4% of Mraz Amerine & Associates Inc.'s portfolio, making the stock its 5th largest holding. Mraz Amerine & Associates Inc. owned approximately 0.16% of Markel Group worth $34,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Nebraska Trust Co bought a new position in Markel Group during the third quarter worth about $452,000. Woodmont Investment Counsel LLC raised its position in shares of Markel Group by 26.7% in the third quarter. Woodmont Investment Counsel LLC now owns 147 shares of the insurance provider's stock valued at $252,000 after purchasing an additional 31 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Markel Group by 2.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 94,927 shares of the insurance provider's stock valued at $163,122,000 after purchasing an additional 2,326 shares during the period. Optima Capital LLC bought a new stake in shares of Markel Group in the third quarter valued at approximately $219,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Markel Group during the 3rd quarter valued at approximately $58,000. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MKL has been the subject of several analyst reports. Weiss Ratings downgraded shares of Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 28th. Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Markel Group currently has an average rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group Trading Down 0.4%

Markel Group stock opened at $1,897.29 on Wednesday. The stock has a market cap of $23.20 billion, a P/E ratio of 13.48 and a beta of 0.60. Markel Group Inc. has a fifty-two week low of $1,704.17 and a fifty-two week high of $2,207.59. The firm's fifty day moving average price is $1,802.24 and its 200-day moving average price is $1,897.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.66 and a current ratio of 0.66.

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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