Markel Group Inc. $MKL Stock Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its stake in Markel Group Inc. (NYSE:MKL) by 59.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355 shares of the insurance provider’s stock after selling 518 shares during the period. TD Waterhouse Canada Inc.’s holdings in Markel Group were worth $613,000 at the end of the most recent quarter.

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

Markel Group Stock Performance

Markel Group stock opened at $1,906.94 on Friday. The business has a 50 day moving average of $1,792.13 and a 200-day moving average of $1,856.81. The company has a market capitalization of $23.63 billion, a P/E ratio of 10.49 and a beta of 0.64. Markel Group Inc. has a 1 year low of $1,704.17 and a 1 year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Analyst Ratings Changes

A number of research analysts have recently commented on MKL shares. Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Wolfe Research started coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2,025.00.

About Markel Group

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.