Cetera Advisors LLC Purchases Shares of 358 Markel Group Inc. (NYSE:MKL)

Cetera Advisors LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the first quarter, HoldingsChannel reports. The firm acquired 358 shares of the insurance provider’s stock, valued at approximately $545,000.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Markel Group during the fourth quarter worth $214,216,000. Boston Partners raised its holdings in shares of Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after purchasing an additional 125,507 shares during the period. Global Assets Advisory LLC acquired a new stake in Markel Group in the 1st quarter valued at about $133,143,000. Jennison Associates LLC grew its holdings in Markel Group by 111.3% during the fourth quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock worth $110,745,000 after purchasing an additional 41,086 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in Markel Group during the first quarter worth approximately $60,937,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.9 %

MKL opened at $1,507.93 on Tuesday. The stock has a fifty day moving average of $1,572.96 and a 200-day moving average of $1,532.50. The company has a market capitalization of $19.61 billion, a P/E ratio of 8.14 and a beta of 0.73. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.61 and a current ratio of 0.60.

Analyst Ratings Changes

A number of analysts have recently issued reports on MKL shares. TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Royal Bank of Canada raised their price target on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Citigroup upped their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Finally, Truist Financial raised their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Insiders Place Their Bets

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Greta J. Harris sold 122 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

About Markel Group

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.