Aptus Capital Advisors LLC Makes New Investment in Markel Group Inc. (NYSE:MKL)

Aptus Capital Advisors LLC bought a new stake in shares of Markel Group Inc. (NYSE:MKLFree Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 174 shares of the insurance provider’s stock, valued at approximately $256,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Markel Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 662,183 shares of the insurance provider’s stock valued at $845,879,000 after acquiring an additional 5,003 shares in the last quarter. Morgan Stanley grew its holdings in shares of Markel Group by 521.2% during the fourth quarter. Morgan Stanley now owns 530,597 shares of the insurance provider’s stock worth $699,057,000 after buying an additional 445,182 shares in the last quarter. State Street Corp grew its holdings in shares of Markel Group by 1.7% during the third quarter. State Street Corp now owns 303,717 shares of the insurance provider’s stock worth $329,296,000 after buying an additional 5,183 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Markel Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 180,873 shares of the insurance provider’s stock worth $249,753,000 after buying an additional 2,081 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Markel Group during the fourth quarter worth about $182,438,000. 76.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Markel Group in a report on Wednesday, November 22nd. They set a “sell” rating and a $1,275.00 price target for the company. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Truist Financial lowered their target price on shares of Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $1,475.00 target price on shares of Markel Group in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,412.50.

Get Our Latest Research Report on Markel Group

Markel Group Trading Up 1.5 %

Shares of MKL stock opened at $1,428.94 on Monday. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 9.72 and a beta of 0.70. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Markel Group Inc. has a fifty-two week low of $1,186.56 and a fifty-two week high of $1,560.00. The firm’s 50 day moving average price is $1,420.61 and its two-hundred day moving average price is $1,445.90.

Insider Buying and Selling at Markel Group

In other news, Director A. Lynne Puckett bought 72 shares of Markel Group stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the transaction, the director now owns 960 shares in the company, valued at approximately $1,352,908.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Lynne Puckett purchased 72 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The disclosure for this purchase can be found here. 1.75% of the stock is currently owned by corporate insiders.

About Markel Group

(Free Report)

Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. 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.

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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