Trust Point Inc. Buys New Holdings in Markel Group Inc. (NYSE:MKL)

Trust Point Inc. purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 402 shares of the insurance provider’s stock, valued at approximately $694,000.

A number of other large investors have also added to or reduced their stakes in MKL. State Street Corp grew its stake in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after acquiring an additional 10,254 shares during the period. Jennison Associates LLC grew its position in shares of Markel Group by 9.9% in the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock valued at $135,915,000 after purchasing an additional 7,102 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Markel Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after purchasing an additional 766 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in Markel Group by 0.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock worth $72,490,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL opened at $1,839.21 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $23.65 billion, a PE ratio of 8.48 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,405.11 and a 12-month high of $1,847.92. The business has a 50-day simple moving average of $1,754.31 and a two-hundred day simple moving average of $1,644.61.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada decreased their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Markel Group has a consensus rating of “Hold” and an average price target of $1,626.83.

About Markel Group

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.