Natixis Advisors L.P. Buys 714 Shares of Markel Group Inc. (NYSE:MKL)

Natixis Advisors L.P. increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,840 shares of the insurance provider's stock after purchasing an additional 714 shares during the period. Natixis Advisors L.P. owned approximately 0.10% of Markel Group worth $18,232,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MKL. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Markel Group by 150.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 12 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Markel Group during the 4th quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock worth $31,000 after acquiring an additional 12 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Markel Group by 3,200.0% in the 3rd quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider's stock worth $97,000 after acquiring an additional 64 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Markel Group in the 3rd quarter worth approximately $125,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

MKL stock traded up $22.72 during trading on Tuesday, hitting $1,615.15. The stock had a trading volume of 46,877 shares, compared to its average volume of 49,172. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,619.31. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 8.60 and a beta of 0.69. The company's 50 day moving average price is $1,491.08 and its two-hundred day moving average price is $1,445.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MKL. Truist Financial boosted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a "hold" rating in a research report on Friday. Jefferies Financial Group cut shares of Markel Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Janney Montgomery Scott restated a "neutral" rating and set a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Finally, Royal Bank of Canada upped their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a "sector perform" rating in a report on Friday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1,520.00.

About Markel Group

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.