Tidal Investments LLC Has $38.25 Million Stock Holdings in Markel Group Inc. $MKL

Key Points

• Tidal Investments increased its Markel Group stake by 30.7% in the second quarter, owning 19,585 shares valued at approximately $38.25 million, or 0.16% of the company.
• Institutional investors own 77.12% of Markel’s stock. Analyst sentiment is mixed, with one Buy, four Hold, and one Sell rating; the consensus rating is Hold with a $2,025 price target.
• Markel shares opened at $1,786.42, compared with a 12-month range of $1,719.41 to $2,207.59, giving the company a market capitalization of about $22.13 billion.

Tidal Investments LLC boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 30.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,585 shares of the insurance provider's stock after purchasing an additional 4,602 shares during the period. Tidal Investments LLC owned about 0.16% of Markel Group worth $38,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group during the 4th quarter valued at $26,000. Reflection Asset Management acquired a new position in Markel Group in the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group in the third quarter valued at about $29,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Markel Group during the second quarter valued at about $31,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Markel Group during the fourth quarter worth about $32,000. Institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Finally, Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an "underperform" rating for the company. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Markel Group has an average rating of "Hold" and a consensus price target of $2,025.00.

Markel Group Trading Up 0.0%

NYSE MKL opened at $1,786.42 on Thursday. The firm has a market capitalization of $22.13 billion, a PE ratio of 9.82 and a beta of 0.65. The business's 50-day moving average price is $1,887.29 and its two-hundred day moving average price is $1,896.79. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

About Markel Group

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers' compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.

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