TD Waterhouse Canada Inc. decreased its position in Markel Group Inc. (NYSE:MKL – Free Report) by 59.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 355 shares of the insurance provider’s stock after selling 518 shares during the period. TD Waterhouse Canada Inc.’s holdings in Markel Group were worth $613,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC boosted its holdings in Markel Group by 29.2% during the third quarter. Cyndeo Wealth Partners LLC now owns 137 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 31 shares during the last quarter. Chemistry Wealth Management LLC grew its position in Markel Group by 0.6% in the third quarter. Chemistry Wealth Management LLC now owns 3,193 shares of the insurance provider’s stock valued at $5,469,000 after purchasing an additional 19 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Markel Group by 11.5% in the third quarter. Assenagon Asset Management S.A. now owns 6,939 shares of the insurance provider’s stock valued at $11,883,000 after purchasing an additional 713 shares in the last quarter. Mather Group LLC. increased its stake in Markel Group by 40.0% in the 3rd quarter. Mather Group LLC. now owns 42 shares of the insurance provider’s stock valued at $72,000 after buying an additional 12 shares during the last quarter. Finally, Fortitude Family Office LLC increased its stake in Markel Group by 100.0% in the 3rd quarter. Fortitude Family Office LLC now owns 22 shares of the insurance provider’s stock valued at $38,000 after buying an additional 11 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.
Markel Group Price Performance
Shares of NYSE MKL opened at $1,906.94 on Friday. The business’s 50 day moving average price is $1,792.13 and its two-hundred day moving average price is $1,856.81. The company has a market cap of $23.63 billion, a PE ratio of 10.49 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a twelve month low of $1,704.17 and a twelve month high of $2,207.59.
Wall Street Analysts Forecast Growth
MKL has been the topic of several analyst reports. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and an average target price of $2,025.00.
Check Out Our Latest Stock Report on Markel Group
Markel Group Company Profile
Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.
Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.
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