Clear Harbor Asset Management LLC Purchases New Stake in Markel Group Inc. $MKL

Clear Harbor Asset Management LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,345 shares of the insurance provider’s stock, valued at approximately $8,486,000.

A number of other large investors have also added to or reduced their stakes in the company. Keybank National Association OH increased its position in shares of Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after acquiring an additional 5 shares during the period. Wellington Shields & Co. LLC raised its stake in shares of Markel Group by 3.2% during the fourth 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 last quarter. Root Financial Partners LLC boosted its holdings in shares of Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 5 shares during the period. Finally, Lido Advisors LLC grew its stake in shares of Markel Group by 1.1% in 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 last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,791.88 on Friday. The company’s fifty day moving average price is $1,907.86 and its 200-day moving average price is $1,921.68. The stock has a market cap of $22.20 billion, a PE ratio of 9.85 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

Analysts Set New Price Targets

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