Markel Group Inc. $MKL Stock Bought by Carnegie Lake Advisors LLC

Key Points

• Carnegie Lake Advisors increased its Markel Group stake by 756% in the third quarter, adding 1,512 shares to hold 1,712 shares valued at about $2.93 million. Markel represented 2.6% of the firm’s portfolio.
• Other institutional investors also reported increasing or initiating positions; institutions and hedge funds collectively own 77.12% of Markel shares.
• Analyst sentiment is cautious: five analysts rate MKL Hold and one rates it Sell, giving the stock a consensus “Reduce” rating and a $2,025 price target.

Carnegie Lake Advisors LLC grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 756.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,712 shares of the insurance provider's stock after purchasing an additional 1,512 shares during the period. Markel Group comprises approximately 2.6% of Carnegie Lake Advisors LLC's holdings, making the stock its 12th biggest holding. Carnegie Lake Advisors LLC's holdings in Markel Group were worth $2,932,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M Holdings Securities Inc. acquired a new stake in shares of Markel Group during the 3rd quarter worth about $214,000. Brighton Jones LLC lifted its holdings in Markel Group by 53.4% during the 3rd quarter. Brighton Jones LLC now owns 313 shares of the insurance provider's stock valued at $536,000 after purchasing an additional 109 shares during the last quarter. Chapman Investment Management LLC boosted its position in Markel Group by 193.4% in the third quarter. Chapman Investment Management LLC now owns 4,338 shares of the insurance provider's stock valued at $7,429,000 after buying an additional 8,982 shares in the last quarter. Ethic Inc. boosted its position in Markel Group by 18.6% in the third quarter. Ethic Inc. now owns 1,736 shares of the insurance provider's stock valued at $2,973,000 after buying an additional 272 shares in the last quarter. Finally, StoneX Group Inc. boosted its position in Markel Group by 121.0% in the third quarter. StoneX Group Inc. now owns 305 shares of the insurance provider's stock valued at $544,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,938.99 on Monday. Markel Group Inc. has a twelve month low of $1,704.17 and a twelve month high of $2,207.59. The firm has a market cap of $23.71 billion, a PE ratio of 13.78 and a beta of 0.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.66 and a current ratio of 0.66. The business has a fifty day moving average of $1,810.43 and a 200-day moving average of $1,895.79.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research analyst reports. Weiss Ratings cut shares of Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, DOWLING & PARTN started coverage on shares of Markel Group in a research note on Wednesday, November 4th. They issued a "hold" rating for the company. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of "Reduce" and a consensus price target of $2,025.00.

About Markel Group

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