Raymond James & Associates Purchases 991 Shares of Markel Group Inc. (NYSE:MKL)

Raymond James & Associates lifted its position in Markel Group Inc. (NYSE:MKL) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,334 shares of the insurance provider’s stock after buying an additional 991 shares during the period. Raymond James & Associates’ holdings in Markel Group were worth $44,645,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Markel Group in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Markel Group during the second quarter worth $55,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Markel Group during the fourth quarter worth $57,000. Evermay Wealth Management LLC bought a new stake in Markel Group during the 1st quarter valued at $75,000. Finally, Crewe Advisors LLC purchased a new position in shares of Markel Group in the 1st quarter valued at $81,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MKL shares. Citigroup raised their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. 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, May 3rd. Royal Bank of Canada lifted their price objective 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, May 3rd. Finally, TD Cowen initiated coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,558.24 on Tuesday. The firm has a market capitalization of $20.26 billion, a P/E ratio of 8.42 and a beta of 0.73. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company has a quick ratio of 0.61, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $1,564.86 and a 200 day moving average price of $1,535.20.

Insider Transactions at Markel Group

In other Markel Group 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 transaction of $197,741.26. Following the sale, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the transaction, the director now owns 634 shares of the company’s stock, valued at $1,027,606.22. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

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.