Markel Group Inc. $MKL Stock: Parallel Advisors LLC Decreases Holdings

Parallel Advisors LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,524 shares of the insurance provider’s stock after selling 310 shares during the period. Parallel Advisors LLC’s holdings in Markel Group were worth $4,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKL. Ashton Thomas Private Wealth LLC increased its holdings in shares of Markel Group by 31.4% in the third quarter. Ashton Thomas Private Wealth LLC now owns 209 shares of the insurance provider’s stock valued at $358,000 after purchasing an additional 50 shares during the period. CenterBook Partners LP lifted its holdings in shares of Markel Group by 220.9% during the third quarter. CenterBook Partners LP now owns 1,566 shares of the insurance provider’s stock worth $2,682,000 after purchasing an additional 1,078 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Markel Group by 22.3% during the third quarter. Kestra Advisory Services LLC now owns 816 shares of the insurance provider’s stock worth $1,397,000 after purchasing an additional 149 shares during the period. Strategent Financial LLC grew its position in Markel Group by 1.3% in the 3rd quarter. Strategent Financial LLC now owns 853 shares of the insurance provider’s stock valued at $1,461,000 after buying an additional 11 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Markel Group by 152.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 574 shares of the insurance provider’s stock valued at $1,073,000 after buying an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.6%

MKL opened at $1,938.99 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50 day simple moving average of $1,810.43 and a 200-day simple moving average of $1,895.79. The stock has a market capitalization of $23.71 billion, a P/E ratio of 13.78 and a beta of 0.60. Markel Group Inc. has a 12 month low of $1,704.17 and a 12 month high of $2,207.59.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of analyst 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. DOWLING & PARTN assumed coverage on shares of Markel Group in a report on Wednesday. They issued a “hold” rating on the stock. Finally, Weiss Ratings lowered shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $2,025.00.

About Markel Group