Marcum Wealth LLC Acquires 14 Shares of Markel Group Inc. (NYSE:MKL)

Marcum Wealth LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165 shares of the insurance provider’s stock after acquiring an additional 14 shares during the period. Marcum Wealth LLC’s holdings in Markel Group were worth $260,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Markel Group in the 4th quarter worth approximately $30,000. Blue Trust Inc. grew its stake in shares of 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 during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Markel Group in the 4th quarter worth approximately $57,000. Evermay Wealth Management LLC purchased a new stake in shares of Markel Group in the 1st quarter worth approximately $75,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Markel Group in the 1st quarter worth approximately $81,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In other news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the transaction, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greta J. Harris sold 122 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares in the company, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MKL. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Royal Bank of Canada lifted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Truist Financial lifted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, TD Cowen assumed coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

NYSE MKL traded down $48.66 on Monday, hitting $1,511.76. 48,905 shares of the company traded hands, compared to its average volume of 45,382. The company has a market capitalization of $19.56 billion, a price-to-earnings ratio of 8.17 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $1,583.65 and its 200-day moving average price is $1,530.47. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24.

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.