Mitsubishi UFJ Asset Management Co. Ltd. Acquires 533 Shares of Markel Group Inc. (NYSE:MKL)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Markel Group Inc. (NYSE:MKLFree Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,771 shares of the insurance provider’s stock after acquiring an additional 533 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Markel Group were worth $8,243,000 at the end of the most recent reporting period.

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

Markel Group Stock Up 0.6 %

Shares of NYSE MKL opened at $1,663.21 on Friday. The stock has a market capitalization of $21.62 billion, a P/E ratio of 8.98 and a beta of 0.69. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The firm’s 50 day simple moving average is $1,518.25 and its two-hundred day simple moving average is $1,457.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MKL shares. Truist Financial lifted their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada raised their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. 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 presently has an average rating of “Hold” and a consensus target price of $1,520.00.

Get Our Latest Report on Markel Group

About Markel Group

(Free Report)

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.

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

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