Sheets Smith Wealth Management Takes Position in Markel Group Inc. $MKL

Sheets Smith Wealth Management bought a new stake in Markel Group Inc. (NYSE:MKL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 471 shares of the insurance provider’s stock, valued at approximately $920,000.

Several other large investors have also recently added to or reduced their stakes in MKL. Keybank National Association OH lifted its stake 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 worth $1,644,000 after acquiring an additional 5 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake in shares of Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after buying an additional 5 shares during the period. Root Financial Partners LLC boosted its stake in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Markel Group by 4.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 5 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in Markel Group by 1.1% during 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 period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

MKL stock opened at $1,821.21 on Friday. The firm has a market capitalization of $22.56 billion, a P/E ratio of 10.01 and a beta of 0.66. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The firm has a 50 day moving average of $1,902.99 and a 200-day moving average of $1,912.97. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent analyst reports. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wolfe Research started coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating for the company. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average 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.