Adams Asset Advisors LLC Increases Stock Holdings in Markel Group Inc. $MKL

Adams Asset Advisors LLC raised its position in Markel Group Inc. (NYSE:MKL) by 200.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,000 shares of the insurance provider’s stock after acquiring an additional 4,000 shares during the period. Markel Group makes up about 1.0% of Adams Asset Advisors LLC’s holdings, making the stock its 29th largest position. Adams Asset Advisors LLC’s holdings in Markel Group were worth $10,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Markel Group in the 2nd quarter worth $1,362,880,000. Van Lanschot Kempen Investment Management N.V. grew its position in Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after purchasing an additional 23,631 shares during the period. Dimensional Fund Advisors LP increased its stake in Markel Group by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider’s stock valued at $262,172,000 after purchasing an additional 6,428 shares in the last quarter. Bank of America Corp DE bought a new stake in Markel Group during the 2nd quarter valued at $231,608,000. Finally, Davis Asset Management L.P. acquired a new position in Markel Group during the second quarter worth $179,882,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 2.2%

NYSE MKL traded up $37.48 on Thursday, reaching $1,765.68. The company had a trading volume of 68,989 shares, compared to its average volume of 64,687. The stock has a market capitalization of $21.88 billion, a P/E ratio of 9.71 and a beta of 0.64. The company’s fifty day moving average is $1,800.46 and its 200 day moving average is $1,861.89. 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings cut shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Four equities research 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, Markel Group has a consensus rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.