US Bancorp DE grew its stake in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 0.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,821 shares of the insurance provider’s stock after acquiring an additional 10 shares during the period. US Bancorp DE’s holdings in Markel Group were worth $3,902,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S raised its stake in Markel Group by 50.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 7 shares during the period. Lee Financial Co acquired a new stake in Markel Group during the 2nd quarter valued at $30,000. Clearstead Advisors LLC acquired a new stake in Markel Group during the 1st quarter valued at $32,000. Venturi Wealth Management LLC acquired a new stake in Markel Group during the 1st quarter valued at $34,000. Finally, Achmea Investment Management B.V. acquired a new stake in Markel Group during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 76.96% of the company’s stock.
Markel Group Trading Up 0.5 %
Markel Group stock opened at $1,410.50 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 10.11 and a beta of 0.75. Markel Group Inc. has a one year low of $1,186.56 and a one year high of $1,560.00. The company’s fifty day moving average price is $1,453.41 and its two-hundred day moving average price is $1,420.57.
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Analyst Ratings Changes
Several analysts have issued reports on MKL shares. Jefferies Financial Group started coverage on shares of Markel Group in a research note on Thursday, September 7th. They set a “buy” rating and a $1,750.00 target price on the stock. Truist Financial dropped their price target on shares of Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada dropped their price target on shares of Markel Group from $1,650.00 to $1,425.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Markel Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,531.25.
Markel Group Company Profile
Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.
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