Markel Group Inc. (NYSE:MKL) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 959 shares of the insurance provider’s stock after acquiring an additional 15 shares during the period. Sequoia Financial Advisors LLC’s holdings in Markel Group were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Markel Group during the fourth quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Markel Group during the second quarter worth approximately $55,000. Ables Iannone Moore & Associates Inc. purchased a new position in Markel Group during the fourth quarter worth approximately $57,000. Evermay Wealth Management LLC purchased a new position in Markel Group during the first quarter worth approximately $75,000. Finally, Crewe Advisors LLC purchased a new position in Markel Group during the first quarter worth approximately $81,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the sale, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Greta J. Harris sold 122 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, Truist Financial lifted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Trading Up 0.3 %

MKL traded up $4.20 during mid-day trading on Tuesday, hitting $1,512.13. 10,466 shares of the stock were exchanged, compared to its average volume of 44,801. The firm’s fifty day moving average is $1,570.50 and its two-hundred day moving average is $1,532.76. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.29. The company has a market cap of $19.66 billion, a PE ratio of 8.14 and a beta of 0.73.

Markel Group Company Profile

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.