Steginsky Capital LLC Sells 1,075 Shares of Markel Group Inc. $MKL

Steginsky Capital LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.4% during the third quarter, Holdings Channel.com reports. The fund owned 44,331 shares of the insurance provider’s stock after selling 1,075 shares during the period. Markel Group accounts for approximately 12.4% of Steginsky Capital LLC’s holdings, making the stock its 4th biggest holding. Steginsky Capital LLC’s holdings in Markel Group were worth $75,915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MKL. CHICAGO TRUST Co NA lifted its holdings in Markel Group by 5.6% during the 1st quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider’s stock worth $216,000 after buying an additional 6 shares during the last quarter. Heartwood Wealth Advisors LLC increased its holdings in shares of Markel Group by 2.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock valued at $387,000 after acquiring an additional 6 shares during the last quarter. Sterling Investment Counsel LLC increased its holdings in shares of Markel Group by 8.6% in the 1st quarter. Sterling Investment Counsel LLC now owns 114 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 9 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Markel Group by 0.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,080 shares of the insurance provider’s stock valued at $2,322,000 after acquiring an additional 10 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of Markel Group by 3.6% during the 1st quarter. iA Global Asset Management Inc. now owns 286 shares of the insurance provider’s stock valued at $547,000 after acquiring an additional 10 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

MKL traded down $4.00 during trading on Wednesday, reaching $1,734.34. 29,718 shares of the company were exchanged, compared to its average volume of 64,357. Markel Group Inc. has a 52 week low of $1,704.17 and a 52 week high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $1,806.34 and a 200 day moving average of $1,862.99. The stock has a market cap of $21.49 billion, a P/E ratio of 9.54 and a beta of 0.64.

Analysts Set New Price Targets

A number of equities analysts have commented on MKL shares. Weiss Ratings downgraded shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 17th. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

About Markel Group

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.