Kestra Private Wealth Services LLC Has $505,000 Stake in Markel Group Inc. (NYSE:MKL)

Kestra Private Wealth Services LLC increased its position in Markel Group Inc. (NYSE:MKL) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 356 shares of the insurance provider’s stock after purchasing an additional 27 shares during the period. Kestra Private Wealth Services LLC’s holdings in Markel Group were worth $505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE lifted its position in Markel Group by 150.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after buying an additional 12 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Markel Group in the 4th quarter worth approximately $30,000. Blue Trust Inc. lifted its position in Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after buying an additional 12 shares in the last quarter. Headlands Technologies LLC lifted its position in Markel Group by 3,200.0% in the 3rd quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after buying an additional 64 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Markel Group in the 3rd quarter worth approximately $125,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

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

Markel Group Stock Up 0.7 %

Markel Group stock opened at $1,592.43 on Tuesday. The company has a market capitalization of $20.70 billion, a P/E ratio of 8.60 and a beta of 0.69. The firm’s fifty day simple moving average is $1,491.08 and its 200-day simple moving average is $1,445.53. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,619.31.

About Markel Group

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.