NWF Advisory Services Inc. increased its holdings in Markel Group Inc. (NYSE:MKL – Free Report) by 60.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,398 shares of the insurance provider’s stock after purchasing an additional 2,032 shares during the quarter. Markel Group accounts for about 1.0% of NWF Advisory Services Inc.’s holdings, making the stock its 25th biggest holding. NWF Advisory Services Inc.’s holdings in Markel Group were worth $10,542,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC boosted its position in Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 5 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after purchasing an additional 5 shares in the last quarter. Lido Advisors LLC grew its stake in Markel Group by 1.1% in the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after purchasing an additional 5 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Markel Group by 5.6% in the first quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on the stock. Wolfe Research initiated coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $2,025.00.
Markel Group Stock Performance
MKL opened at $1,845.86 on Friday. The company has a market cap of $22.87 billion, a P/E ratio of 10.15 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. The firm’s 50-day moving average price is $1,897.54 and its 200-day moving average price is $1,904.22. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.
About Markel Group
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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