Keystone Investors PTE Ltd. Invests $2.02 Million in Markel Group Inc. (NYSE:MKL)

Keystone Investors PTE Ltd. acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,420 shares of the insurance provider's stock, valued at approximately $2,016,000.

Several other large investors also recently added to or reduced their stakes in MKL. Morgan Stanley boosted its position in Markel Group by 3.2% during the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider's stock worth $793,979,000 after purchasing an additional 16,597 shares during the period. Boston Partners raised its holdings in Markel Group by 400.1% during the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider's stock valued at $222,771,000 after acquiring an additional 125,507 shares during the period. Mackenzie Financial Corp lifted its position in shares of Markel Group by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider's stock worth $183,935,000 after acquiring an additional 3,476 shares in the last quarter. Scharf Investments LLC boosted its holdings in shares of Markel Group by 4.0% in the fourth quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider's stock worth $180,214,000 after acquiring an additional 4,933 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 100,339 shares of the insurance provider's stock valued at $142,465,000 after purchasing an additional 6,700 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

Shares of MKL stock traded down $5.50 during trading hours on Wednesday, hitting $1,639.70. 32,748 shares of the company's stock were exchanged, compared to its average volume of 48,092. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,661.18. The company has a market capitalization of $21.32 billion, a PE ratio of 8.86 and a beta of 0.69. The business's 50 day simple moving average is $1,511.92 and its 200-day simple moving average is $1,454.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

Several brokerages have recently weighed in on MKL. Jefferies Financial Group cut Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Truist Financial upped their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a "hold" rating in a report on Friday, May 3rd. Royal Bank of Canada boosted 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 research report on Friday, May 3rd. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating and issued a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1,520.00.

Markel Group Company 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.