TD Waterhouse Canada Inc. Has $1.67 Million Position in Markel Group Inc. $MKL

TD Waterhouse Canada Inc. lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 35.4% in the second quarter, Holdings Channel reports. The firm owned 873 shares of the insurance provider’s stock after selling 479 shares during the period. TD Waterhouse Canada Inc.’s holdings in Markel Group were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Markel Group by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after acquiring an additional 11,439 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Markel Group in the second quarter worth about $68,051,000. Quantbot Technologies LP acquired a new position in shares of Markel Group during the 2nd quarter worth about $5,486,000. Axxcess Wealth Management LLC lifted its position in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after purchasing an additional 679 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Markel Group during the 2nd quarter valued at approximately $2,340,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 2.2%

Shares of MKL opened at $1,786.30 on Wednesday. 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 company has a 50-day simple moving average of $1,889.92 and a 200-day simple moving average of $1,898.75. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The firm has a market capitalization of $22.13 billion, a P/E ratio of 9.82 and a beta of 0.65.

Analysts Set New Price Targets

MKL has been the topic of a number of research analyst reports. Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2,025.00.

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.