Commerce Bank Buys Shares of 1,254 Markel Group Inc. $MKL

Commerce Bank purchased a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,254 shares of the insurance provider’s stock, valued at approximately $2,449,000.

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

Markel Group Stock Performance

MKL opened at $1,817.76 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $1,907.04 and its 200-day moving average is $1,919.36. The stock has a market cap of $22.52 billion, a PE ratio of 10.00 and a beta of 0.66. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MKL shares. Wolfe Research assumed coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen upgraded 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 report on Monday, August 17th. Finally, Truist Financial lowered their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus 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.