Parallel Advisors LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,524 shares of the insurance provider’s stock after selling 310 shares during the period. Parallel Advisors LLC’s holdings in Markel Group were worth $4,322,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Markel Group in the second quarter valued at about $1,362,880,000. Dimensional Fund Advisors LP lifted its position in shares of Markel Group by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider’s stock valued at $262,172,000 after acquiring an additional 6,428 shares during the period. Bank of America Corp DE purchased a new stake in shares of Markel Group during the 2nd quarter worth approximately $231,608,000. Davis Asset Management L.P. purchased a new stake in shares of Markel Group during the 2nd quarter worth approximately $179,882,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Markel Group by 2.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 94,927 shares of the insurance provider’s stock worth $163,122,000 after acquiring an additional 2,326 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, DOWLING & PARTN started coverage on Markel Group in a research report on Wednesday. They set a “hold” rating on the stock. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Markel Group currently has an average rating of “Reduce” and a consensus price target of $2,025.00.
Markel Group Price Performance
Markel Group stock opened at $1,938.99 on Friday. The firm has a market capitalization of $23.71 billion, a PE ratio of 13.78 and a beta of 0.60. Markel Group Inc. has a 52 week low of $1,704.17 and a 52 week high of $2,207.59. The firm’s 50-day simple moving average is $1,810.43 and its 200 day simple moving average is $1,895.79. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.24.
Markel Group Profile
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