Sheets Smith Wealth Management Invests $920,000 in Markel Group Inc. $MKL

Sheets Smith Wealth Management purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 471 shares of the insurance provider’s stock, valued at approximately $920,000.

A number of other large investors have also recently made changes to their positions in the business. Keybank National Association OH grew its position in shares of Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC raised its position in shares of 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 purchasing an additional 5 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after buying an additional 5 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in Markel Group by 4.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after buying an additional 5 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in Markel Group by 1.1% in the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after purchasing an additional 5 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 0.9%

NYSE:MKL opened at $1,821.21 on Friday. The company’s 50 day moving average price is $1,902.99 and its 200-day moving average price is $1,912.97. The stock has a market cap of $22.56 billion, a price-to-earnings ratio of 10.01 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

Wall Street Analyst Weigh In

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