Swiss National Bank Reduces Stock Position in Markel Group Inc. (NYSE:MKL)

Swiss National Bank lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,400 shares of the insurance provider's stock after selling 1,350 shares during the quarter. Swiss National Bank owned about 0.30% of Markel Group worth $55,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MKL. SVB Wealth LLC purchased a new stake in shares of Markel Group during the 3rd quarter worth about $203,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Markel Group by 6.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,875 shares of the insurance provider's stock worth $2,761,000 after acquiring an additional 111 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Markel Group by 43.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,859 shares of the insurance provider's stock valued at $4,210,000 after acquiring an additional 864 shares in the last quarter. Xponance Inc. raised its position in shares of Markel Group by 16.5% during the 3rd quarter. Xponance Inc. now owns 545 shares of the insurance provider's stock valued at $803,000 after acquiring an additional 77 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Markel Group during the 3rd quarter valued at approximately $233,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Markel Group from $1,475.00 to $1,625.00 and gave the company a "sector perform" rating in a research report on Friday. Truist Financial increased their price target on Markel Group from $1,400.00 to $1,600.00 and gave the stock a "hold" rating in a research note on Friday. Jefferies Financial Group downgraded Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating and set a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,520.00.

Markel Group Trading Up 0.7 %

Shares of Markel Group stock traded up $11.37 during trading on Monday, reaching $1,592.43. 64,113 shares of the company were exchanged, compared to its average volume of 49,200. Markel Group Inc. has a twelve month low of $1,295.65 and a twelve month high of $1,619.31. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $20.70 billion, a price-to-earnings ratio of 8.54 and a beta of 0.69. The business has a 50-day moving average price of $1,488.09 and a 200-day moving average price of $1,444.75.

Markel Group Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.