Glenview Trust Co Takes Position in Markel Group Inc. $MKL

Glenview Trust Co purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,454 shares of the insurance provider’s stock, valued at approximately $2,840,000.

Several other large investors have also modified their holdings of MKL. Keybank National Association OH grew its position in Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after buying an additional 5 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after buying an additional 5 shares during the period. Root Financial Partners LLC raised its position in Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after buying an additional 5 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Markel Group by 4.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after buying an additional 5 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Markel Group by 1.1% in the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.9%

Shares of MKL stock opened at $1,821.21 on Friday. The business’s fifty day moving average price is $1,902.99 and its 200 day moving average price is $1,912.97. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The firm has a market capitalization of $22.56 billion, a PE ratio of 10.01 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Analyst Ratings Changes

Several brokerages have recently weighed in on MKL. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus target price of $2,025.00.

About Markel Group

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.