Markel Group Inc. $MKL Holdings Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,948 shares of the insurance provider’s stock after selling 280 shares during the period. Illinois Municipal Retirement Fund’s holdings in Markel Group were worth $10,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Markel Group in the second quarter worth $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Markel Group during the second quarter valued at $39,000. NFSG Corp acquired a new position in Markel Group during the first quarter valued at $40,000. Fortitude Family Office LLC lifted its stake in Markel Group by 100.0% in the 3rd quarter. Fortitude Family Office LLC now owns 22 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 11 shares in the last quarter. Finally, Security National Bank of SO Dak purchased a new stake in Markel Group in the 2nd quarter worth about $45,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MKL shares. DOWLING & PARTN started coverage on Markel Group in a research note on Wednesday, November 4th. They set a “hold” rating on the stock. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $2,025.00.

Markel Group Stock Up 0.0%

Shares of Markel Group stock opened at $1,975.18 on Thursday. The firm has a market cap of $24.16 billion, a price-to-earnings ratio of 14.03 and a beta of 0.60. The stock has a 50-day simple moving average of $1,820.01 and a 200-day simple moving average of $1,894.66. Markel Group Inc. has a 52-week low of $1,704.17 and a 52-week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.66 and a quick ratio of 0.66.

About Markel Group

Markel Group Inc. is a diversified financial holding company best known for its specialty insurance and reinsurance operations. Through its insurance businesses, the company provides coverage for commercial and individual risks that may require specialized underwriting, serving customers in the United States and international markets. Founded in 1930 by Sam Markel, the company has expanded beyond insurance. Its Markel Ventures division owns and operates businesses across a range of industries, while its investment activities support the group’s broader operations.