Markel Group Inc. $MKL Shares Purchased by Magnolia Group LLC

Magnolia Group LLC raised its stake in Markel Group Inc. (NYSE:MKL) by 118.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,580 shares of the insurance provider’s stock after acquiring an additional 2,480 shares during the quarter. Markel Group makes up 2.7% of Magnolia Group LLC’s holdings, making the stock its 9th biggest position. Magnolia Group LLC’s holdings in Markel Group were worth $7,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MKL. Pin Oak Investment Advisors Inc. bought a new stake in shares of Markel Group in the second quarter valued at approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Markel Group during the 2nd quarter valued at about $39,000. NFSG Corp bought a new stake in shares of Markel Group during the 1st quarter worth $40,000. Fortitude Family Office LLC increased its position in shares of Markel Group by 100.0% during the 3rd quarter. Fortitude Family Office LLC now owns 22 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 11 shares during the last quarter. Finally, Security National Bank of SO Dak purchased a new position in shares of Markel Group during the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.0%

NYSE MKL opened at $1,975.18 on Thursday. The firm has a market capitalization of $24.16 billion, a PE ratio of 14.03 and a beta of 0.60. The stock’s 50 day moving average is $1,820.01 and its 200 day moving average is $1,894.66. Markel Group Inc. has a twelve month low of $1,704.17 and a twelve month high of $2,207.59. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MKL. Weiss Ratings cut Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. DOWLING & PARTN began coverage on Markel Group in a research note on Wednesday, November 4th. They issued a “hold” rating for the company. Finally, Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2,025.00.

Markel Group Profile

Markel Group Inc. is a diversified financial holding company best known for its specialty insurance and reinsurance operations. Through its insurance businesses, the company provides coverage for commercial and individual risks that may require specialized underwriting, serving customers in the United States and international markets. Founded in 1930 by Sam Markel, the company has expanded beyond insurance. Its Markel Ventures division owns and operates businesses across a range of industries, while its investment activities support the group’s broader operations.