Markel Group Inc. (NYSE:MKL) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Markel Group Inc. (NYSE:MKL) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,400 shares of the insurance provider’s stock after selling 1,350 shares during the quarter. Swiss National Bank’s holdings in Markel Group were worth $55,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. Opal Wealth Advisors LLC boosted its holdings in shares of Markel Group by 2.3% in the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after acquiring an additional 7 shares in the last quarter. Signaturefd LLC raised its stake in shares of Markel Group by 4.9% in the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock worth $214,000 after buying an additional 7 shares in the last quarter. Intellectus Partners LLC lifted its holdings in shares of Markel Group by 1.9% in the fourth quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock valued at $609,000 after buying an additional 8 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Markel Group by 1.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock valued at $616,000 after buying an additional 8 shares in the last quarter. Finally, Parisi Gray Wealth Management grew its holdings in Markel Group by 1.7% during the fourth quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider’s stock worth $768,000 after acquiring an additional 9 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research report on Friday, March 15th. Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Finally, Royal Bank of Canada boosted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,520.00.

Markel Group Trading Up 0.3 %

Markel Group stock opened at $1,581.06 on Monday. The company has a 50 day moving average price of $1,488.09 and a 200 day moving average price of $1,444.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,588.31. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 8.54 and a beta of 0.69.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.