Centaurus Financial Inc. Buys Shares of 2,337 Markel Group Inc. $MKL

Centaurus Financial Inc. purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,337 shares of the insurance provider’s stock, valued at approximately $4,564,000.

A number of other institutional investors have also modified their holdings of MKL. Keybank National Association OH raised its holdings in shares of Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after buying an additional 5 shares during the period. Wellington Shields & Co. LLC boosted its holdings in Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 5 shares during the period. Root Financial Partners LLC grew its position in Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after acquiring an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 5 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in Markel Group by 1.1% during the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after purchasing an additional 5 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Down 0.6%

MKL opened at $1,804.99 on Friday. The business has a fifty day moving average price of $1,903.61 and a 200 day moving average price of $1,913.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 9.93 and a beta of 0.66.

Analysts Set New Price Targets

Several research firms have recently commented on MKL. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Truist Financial reduced their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Company Profile

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.