Fund Advisors of America Inc FL acquired a new position in shares of Markel Group Inc. (NYSE:MKL – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 856 shares of the insurance provider’s stock, valued at approximately $1,840,000. Markel Group makes up about 1.7% of Fund Advisors of America Inc FL’s portfolio, making the stock its 16th largest holding.
A number of other large investors have also recently made changes to their positions in MKL. Valley National Advisers Inc. acquired a new position in shares of Markel Group during the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group in the 4th quarter worth about $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group in the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new position in Markel Group in the 3rd quarter valued at about $29,000. Finally, V Square Quantitative Management LLC acquired a new position in Markel Group during the 4th quarter valued at about $32,000. 77.12% of the stock is owned by institutional investors.
Markel Group Stock Performance
Shares of Markel Group stock opened at $1,852.40 on Friday. The business’s fifty day simple moving average is $1,861.24 and its 200 day simple moving average is $1,982.63. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The firm has a market capitalization of $23.17 billion, a P/E ratio of 13.35 and a beta of 0.67.
Insider Activity
In other news, Director Diane Leopold acquired 50 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the transaction, the director owned 550 shares of the company’s stock, valued at $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.
Wall Street Analysts Forecast Growth
MKL has been the subject of a number of recent research reports. Brean Capital began coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective for the company. Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial lowered their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2,025.00.
Read Our Latest Stock Analysis on Markel Group
Markel Group 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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