First Financial Bankshares Inc Makes New Investment in Markel Group Inc. $MKL

First Financial Bankshares Inc purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 601 shares of the insurance provider’s stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC increased its position in Markel Group by 4.7% during the second quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock worth $270,000 after acquiring an additional 6 shares during the period. Fidelis Capital Partners LLC grew its position in Markel Group by 3.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock worth $352,000 after purchasing an additional 6 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Markel Group by 1.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock worth $692,000 after purchasing an additional 6 shares during the period. East Coast Asset Management LLC. raised its position in shares of Markel Group by 0.3% during the second quarter. East Coast Asset Management LLC. now owns 2,170 shares of the insurance provider’s stock valued at $4,334,000 after buying an additional 6 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Markel Group by 5.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider’s stock valued at $229,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.9%

Shares of MKL stock opened at $2,064.16 on Tuesday. The company has a market capitalization of $26.03 billion, a P/E ratio of 12.16 and a beta of 0.79. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,207.59. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $2,100.32 and a 200 day moving average price of $2,018.15.

Insider Activity

In other news, Director Steven A. Markel sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares of the company’s stock, valued at $127,927,036.16. The trade was a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,500 shares of company stock valued at $3,175,430 in the last three months. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Truist Financial lifted their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $2,100.00.

Markel Group Company 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.