Citizens Financial Group Inc. RI Makes New Investment in Markel Group Inc. $MKL

Citizens Financial Group Inc. RI purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 387 shares of the insurance provider’s stock, valued at approximately $756,000.

A number of other hedge funds have also recently modified their holdings of MKL. Bank Julius Baer & Co. Ltd Zurich increased its position in Markel Group by 13.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after buying an additional 11,439 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Markel Group by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after buying an additional 732 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after buying an additional 679 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after acquiring an additional 24,557 shares during the period. Finally, Fund Advisors of America Inc FL bought a new position in shares of Markel Group during the 4th quarter valued at approximately $1,840,000. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MKL shares. Wolfe Research initiated coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Truist Financial decreased their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Markel Group currently has an average rating of “Reduce” and an average price target of $2,025.00.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.08% of the stock is owned by insiders.

Markel Group Stock Performance

NYSE:MKL opened at $1,816.86 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The stock has a 50-day moving average price of $1,910.16 and a 200 day moving average price of $1,925.90. The stock has a market capitalization of $22.51 billion, a P/E ratio of 9.99 and a beta of 0.66.

Markel Group Company Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.