Markel Group Inc. $MKL Stake Raised by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 756.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712 shares of the insurance provider’s stock after buying an additional 1,512 shares during the period. Markel Group accounts for about 2.6% of Carnegie Lake Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Carnegie Lake Advisors LLC’s holdings in Markel Group were worth $2,932,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MKL. JANA Partners Management LP lifted its stake in shares of Markel Group by 1.9% in the 2nd quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider’s stock valued at $149,880,000 after purchasing an additional 1,436 shares during the period. Hsbc Holdings PLC boosted its position in shares of Markel Group by 18.4% in the 2nd quarter. Hsbc Holdings PLC now owns 33,966 shares of the insurance provider’s stock worth $66,423,000 after purchasing an additional 5,269 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Markel Group during the second quarter worth $68,051,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Markel Group during the second quarter worth $2,340,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Markel Group during the second quarter worth $5,486,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,938.99 on Monday. The firm has a market cap of $23.71 billion, a PE ratio of 13.78 and a beta of 0.60. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 1-year low of $1,704.17 and a 1-year high of $2,207.59. The company has a fifty day moving average price of $1,810.43 and a 200 day moving average price of $1,895.79.

Wall Street Analyst Weigh In

A number of research firms recently commented on MKL. DOWLING & PARTN initiated coverage on Markel Group in a report on Wednesday, November 4th. They issued a “hold” rating for the company. Weiss Ratings lowered Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Finally, Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $2,025.00.

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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