686 Shares in Markel Group Inc. $MKL Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 686 shares of the insurance provider’s stock, valued at approximately $1,340,000.

A number of other hedge funds also recently bought and sold shares of the company. Keybank National Association OH increased its position in shares of Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after acquiring an additional 5 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 5 shares during the period. Root Financial Partners LLC lifted its position in shares of Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after acquiring an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 5 shares during the period. Finally, Lido Advisors LLC grew its position in Markel Group by 1.1% during the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after purchasing an additional 5 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MKL. Wolfe Research began coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Truist Financial decreased their price objective 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. Finally, Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Trading Up 0.5%

Markel Group stock opened at $1,818.05 on Thursday. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.53 billion, a P/E ratio of 10.00 and a beta of 0.66. The company’s fifty day simple moving average is $1,904.56 and its 200-day simple moving average is $1,915.71.

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.