Perigon Wealth Management LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 420 shares of the insurance provider’s stock, valued at approximately $820,000.
Several other institutional investors also recently bought and sold shares of the stock. Keybank National Association OH increased its holdings in Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after acquiring an additional 5 shares during the last quarter. Wellington Shields & Co. LLC boosted its holdings in shares of Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 5 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 5 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of Markel Group by 1.1% in the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after purchasing an additional 5 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.
Markel Group Price Performance
NYSE:MKL opened at $1,816.86 on Wednesday. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 9.99 and a beta of 0.66. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The business has a 50 day simple moving average of $1,910.16 and a 200-day simple moving average of $1,925.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
MKL has been the topic of a number of research analyst reports. Truist Financial decreased their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Wolfe Research started coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $2,025.00.
View Our Latest Stock Report on MKL
Markel Group Company Profile
Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.
In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.
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