Markel Group Inc. $MKL Holdings Lessened by Third View Private Wealth LLC

Third View Private Wealth LLC decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 26.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 752 shares of the insurance provider’s stock after selling 267 shares during the quarter. Third View Private Wealth LLC’s holdings in Markel Group were worth $1,288,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Markel Group in the second quarter valued at approximately $1,362,880,000. Dimensional Fund Advisors LP raised its position in Markel Group by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider’s stock worth $262,172,000 after buying an additional 6,428 shares during the last quarter. Bank of America Corp DE purchased a new position in Markel Group during the 2nd quarter worth approximately $231,608,000. Davis Asset Management L.P. purchased a new position in Markel Group during the 2nd quarter worth approximately $179,882,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in Markel Group by 2.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 94,927 shares of the insurance provider’s stock valued at $163,122,000 after acquiring an additional 2,326 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MKL shares. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings cut shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2,025.00.

Markel Group Stock Performance

MKL opened at $1,897.29 on Wednesday. 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 firm has a fifty day moving average price of $1,802.24 and a 200 day moving average price of $1,897.60. Markel Group Inc. has a 1 year low of $1,704.17 and a 1 year high of $2,207.59. The stock has a market cap of $23.20 billion, a P/E ratio of 17.21 and a beta of 0.60.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.