Markel Group Inc. $MKL Stock Position Raised by Magnolia Group LLC

Magnolia Group LLC raised its position in Markel Group Inc. (NYSE:MKL) by 118.1% during the third quarter, Holdings Channel reports. The fund owned 4,580 shares of the insurance provider’s stock after acquiring an additional 2,480 shares during the period. Markel Group comprises approximately 2.7% of Magnolia Group LLC’s investment portfolio, making the stock its 9th biggest position. Magnolia Group LLC’s holdings in Markel Group were worth $7,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. JANA Partners Management LP grew its position in shares of Markel Group by 1.9% during the second quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider’s stock worth $149,880,000 after purchasing an additional 1,436 shares in the last quarter. Hsbc Holdings PLC grew its position in Markel Group by 18.4% in the second quarter. Hsbc Holdings PLC now owns 33,966 shares of the insurance provider’s stock worth $66,423,000 after acquiring an additional 5,269 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Markel Group during the 2nd quarter valued at approximately $68,051,000. The Manufacturers Life Insurance Company bought a new stake in shares of Markel Group in the 2nd quarter worth about $2,340,000. Finally, Quantbot Technologies LP bought a new position in shares of Markel Group during the second quarter valued at approximately $5,486,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL stock opened at $1,975.18 on Thursday. The company has a market capitalization of $24.16 billion, a PE ratio of 14.03 and a beta of 0.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.66 and a quick ratio of 0.66. Markel Group Inc. has a 12 month low of $1,704.17 and a 12 month high of $2,207.59. The firm’s 50-day moving average is $1,820.01 and its two-hundred day moving average is $1,894.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MKL shares. DOWLING & PARTN initiated coverage on shares of Markel Group in a report on Wednesday, November 4th. They set a “hold” rating for the company. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings lowered Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2,025.00.

Markel Group Company Profile

Markel Group Inc. is a diversified financial holding company best known for its specialty insurance and reinsurance operations. Through its insurance businesses, the company provides coverage for commercial and individual risks that may require specialized underwriting, serving customers in the United States and international markets. Founded in 1930 by Sam Markel, the company has expanded beyond insurance. Its Markel Ventures division owns and operates businesses across a range of industries, while its investment activities support the group’s broader operations.