Markel Group Inc. $MKL Shares Sold by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP cut its Markel Group stake by 9.7% in the third quarter, selling 2,795 shares and retaining 25,877 shares valued at approximately $44.3 million.
• Institutional investors own 77.12% of Markel’s shares, while several smaller investment firms increased their positions during the first and third quarters.
• Analyst sentiment remains mixed, with one Buy, three Hold, and one Sell rating; Markel has a consensus Hold rating and an average price target of $2,025. The stock opened at $1,871.23.

Cooke & Bieler LP reduced its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,877 shares of the insurance provider's stock after selling 2,795 shares during the period. Cooke & Bieler LP owned 0.21% of Markel Group worth $44,313,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Markel Group Stock Down 0.7%

MKL stock opened at $1,871.23 on Thursday. The firm's fifty day simple moving average is $1,790.71 and its 200-day simple moving average is $1,856.76. The company has a market capitalization of $23.18 billion, a P/E ratio of 10.29 and a beta of 0.64. Markel Group Inc. has a 12 month low of $1,704.17 and a 12 month high of $2,207.59. 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 Company 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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