Walleye Capital LLC Buys New Holdings in Markel Group Inc. $MKL

Walleye Capital LLC purchased a new position in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 783 shares of the insurance provider’s stock, valued at approximately $1,529,000.

A number of other institutional investors also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group during the 4th quarter valued at approximately $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group in the fourth quarter worth $26,000. Basepoint Wealth LLC acquired a new stake in shares of Markel Group in the fourth quarter worth $32,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group during the third quarter worth $29,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Markel Group during the fourth quarter worth $39,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

MKL opened at $1,843.94 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a fifty day moving average price of $1,910.02 and a 200 day moving average price of $1,929.46. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The stock has a market cap of $22.85 billion, a P/E ratio of 10.14 and a beta of 0.66.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of several recent research reports. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research initiated coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Weiss Ratings upgraded Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $2,025.00.

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.