Markel Group Inc. $MKL Stock Holdings Decreased by Third View Private Wealth LLC

Third View Private Wealth LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 26.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752 shares of the insurance provider’s stock after selling 267 shares during the quarter. Third View Private Wealth LLC’s holdings in Markel Group were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Markel Group during the second quarter valued at about $1,362,880,000. Bank of America Corp DE bought a new position in shares of Markel Group during the 2nd quarter worth approximately $231,608,000. Davis Asset Management L.P. purchased a new stake in Markel Group during the second quarter valued at approximately $179,882,000. Legal & General Group Plc purchased a new stake in Markel Group during the second quarter valued at approximately $122,219,000. Finally, Bank of New York Mellon Corp acquired a new stake in Markel Group in the second quarter valued at approximately $68,051,000. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MKL. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings downgraded Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Trading Down 0.4%

Shares of Markel Group stock opened at $1,897.29 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 12-month low of $1,704.17 and a 12-month high of $2,207.59. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 17.21 and a beta of 0.60. The firm’s 50 day simple moving average is $1,802.24 and its two-hundred day simple moving average is $1,897.60.

Markel Group Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.