Markel Group Inc. $MKL Stake Lessened by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 35.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 873 shares of the insurance provider’s stock after selling 479 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Markel Group were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac purchased a new position in Markel Group during the 4th quarter valued at about $26,000. Reflection Asset Management purchased a new position in Markel Group during the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in Markel Group in the 4th quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC purchased a new stake in Markel Group in the 3rd quarter worth approximately $29,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Markel Group during the 2nd quarter valued at $31,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

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Markel Group Stock Performance

MKL stock opened at $1,786.30 on Wednesday. The firm has a 50 day moving average of $1,889.92 and a two-hundred day moving average of $1,898.75. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 9.82 and a beta of 0.65. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Markel Group

Markel Group Profile

(Free Report)

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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