OneDigital Investment Advisors LLC Buys Shares of 343 Markel Group Inc. $MKL

OneDigital Investment Advisors LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 343 shares of the insurance provider’s stock, valued at approximately $670,000.

Several other hedge funds have also recently modified their holdings of the business. Cura Wealth Advisors LLC purchased a new position in Markel Group during the second quarter valued at approximately $203,000. Baxter Bros Inc. purchased a new stake in Markel Group during the second quarter worth $5,142,000. Global Retirement Partners LLC bought a new stake in Markel Group during the 2nd quarter valued at $137,000. Bank of New York Mellon Corp bought a new stake in Markel Group during the 2nd quarter valued at $68,051,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Markel Group in the 2nd quarter valued at $258,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is owned by company insiders.

Markel Group Stock Up 1.0%

Shares of MKL stock opened at $1,816.86 on Wednesday. The stock’s 50-day simple moving average is $1,910.16 and its 200-day simple moving average is $1,925.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $22.51 billion, a PE ratio of 9.99 and a beta of 0.66. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59.

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.