Markel Group Inc. (NYSE:MKL) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of Markel Group Inc. (NYSE:MKL) 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.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 350 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $1,482.52, for a total transaction of $518,882.00. Following the transaction, the director now directly owns 70,366 shares of the company’s stock, valued at $104,319,002.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Markel Group news, Director Steven A. Markel sold 350 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $1,482.52, for a total transaction of $518,882.00. Following the transaction, the director now directly owns 70,366 shares of the company’s stock, valued at $104,319,002.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were purchased at an average price of $1,311.92 per share, with a total value of $131,192.00. Following the completion of the acquisition, the chief executive officer now directly owns 44,985 shares of the company’s stock, valued at $59,016,721.20. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 222 shares of company stock valued at $295,861 and have sold 1,048 shares valued at $1,544,641. Company insiders own 1.75% of the company’s stock.

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.