2,062 Markel Group Inc. $MKL Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 202.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,080 shares of the insurance provider’s stock after buying an additional 2,062 shares during the quarter. Markel Group makes up about 0.7% of Machina Capital S.A.S.’s holdings, making the stock its 22nd largest holding. Machina Capital S.A.S.’s holdings in Markel Group were worth $5,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MKL. BlackRock Inc. bought a new position in Markel Group in the second quarter valued at about $1,362,880,000. Bank of America Corp DE purchased a new position in Markel Group during the second quarter valued at approximately $231,608,000. Davis Asset Management L.P. bought a new position in Markel Group in the 2nd quarter worth $179,882,000. Legal & General Group Plc bought a new position in shares of Markel Group in the second quarter worth about $122,219,000. Finally, Bank of New York Mellon Corp bought a new position in Markel Group in the 2nd quarter worth approximately $68,051,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

Shares of MKL stock opened at $1,975.18 on Thursday. Markel Group Inc. has a 52-week low of $1,704.17 and a 52-week high of $2,207.59. The company’s 50 day moving average is $1,820.01 and its 200 day moving average is $1,894.66. The firm has a market cap of $24.16 billion, a price-to-earnings ratio of 14.03 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

Several research firms have commented on MKL. DOWLING & PARTN assumed coverage on shares of Markel Group in a report on Wednesday, November 4th. They set a “hold” rating for the company. Weiss Ratings cut shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Finally, Wall Street Zen raised 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 given a Sell rating to the company. According to data from MarketBeat, Markel Group currently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

About Markel Group

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.