Versor Investments LP Decreases Stake in Markel Group Inc. (NYSE:MKL)

Versor Investments LP cut its holdings in shares of Markel Group Inc. (NYSE:MKLFree Report) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 541 shares of the insurance provider’s stock after selling 519 shares during the period. Versor Investments LP’s holdings in Markel Group were worth $768,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MKL. Opal Wealth Advisors LLC grew its stake in shares of Markel Group by 2.3% in the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock worth $452,000 after acquiring an additional 7 shares during the period. Signaturefd LLC raised its stake in Markel Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after buying an additional 7 shares during the last quarter. Intellectus Partners LLC lifted its holdings in shares of Markel Group by 1.9% during the 4th quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock valued at $609,000 after buying an additional 8 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Markel Group by 1.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock worth $616,000 after buying an additional 8 shares during the last quarter. Finally, Parisi Gray Wealth Management grew its holdings in shares of Markel Group by 1.7% in the fourth quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider’s stock worth $768,000 after acquiring an additional 9 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Markel Group stock traded up $15.66 during midday trading on Friday, reaching $1,652.22. 29,937 shares of the stock traded hands, compared to its average volume of 45,600. The stock has a market cap of $21.48 billion, a P/E ratio of 8.92 and a beta of 0.69. The stock’s fifty day moving average is $1,502.84 and its 200-day moving average is $1,450.71. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,655.01.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MKL shares. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada upped their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Jefferies Financial Group cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Truist Financial upped their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,520.00.

Check Out Our Latest Research Report on Markel Group

Markel Group Company Profile

(Free Report)

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

See Also

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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