Cooke & Bieler LP Sells 2,795 Shares of Markel Group Inc. $MKL

Cooke & Bieler LP trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 9.7% during the third quarter, HoldingsChannel reports. The firm owned 25,877 shares of the insurance provider’s stock after selling 2,795 shares during the period. Cooke & Bieler LP’s holdings in Markel Group were worth $44,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MKL. BlackRock Inc. acquired a new position in Markel Group in the second quarter valued at approximately $1,362,880,000. Bank of America Corp DE purchased a new stake in shares of Markel Group in the 2nd quarter valued at approximately $231,608,000. Davis Asset Management L.P. purchased a new stake in Markel Group during the 2nd quarter worth about $179,882,000. Legal & General Group Plc acquired a new stake in Markel Group during the second quarter worth approximately $122,219,000. Finally, Bank of New York Mellon Corp acquired a new position in Markel Group in the second quarter valued at $68,051,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wolfe Research initiated coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Trading Down 0.7%

NYSE MKL opened at $1,871.23 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $23.18 billion, a P/E ratio of 10.29 and a beta of 0.64. Markel Group Inc. has a 12 month low of $1,704.17 and a 12 month high of $2,207.59. The company has a 50-day moving average of $1,790.71 and a 200-day moving average of $1,856.76.

Markel Group Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.