NBT Bank N.A. Purchases 270 Shares of Markel Group Inc. $MKL

NBT Bank N.A. acquired a new position in Markel Group Inc. (NYSE:MKL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 270 shares of the insurance provider’s stock, valued at approximately $462,000.

Other institutional investors have also recently bought and sold shares of the company. Isthmus Partners LLC increased its stake in Markel Group by 44.1% in the 3rd quarter. Isthmus Partners LLC now owns 245 shares of the insurance provider’s stock valued at $420,000 after buying an additional 75 shares during the period. Root Financial Partners LLC purchased a new stake in Markel Group in the 3rd quarter worth approximately $113,000. Diversify Advisory Services LLC boosted its stake in shares of Markel Group by 2.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 696 shares of the insurance provider’s stock valued at $1,270,000 after buying an additional 15 shares during the period. Gold Investment Management Ltd. boosted its stake in shares of Markel Group by 3.0% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,484 shares of the insurance provider’s stock valued at $2,541,000 after buying an additional 43 shares during the period. Finally, LexAurum Advisors LLC grew its holdings in shares of Markel Group by 95.3% during the 3rd quarter. LexAurum Advisors LLC now owns 207 shares of the insurance provider’s stock valued at $354,000 after acquiring an additional 101 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MKL. Wolfe Research assumed coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Trading Down 1.8%

NYSE:MKL opened at $1,871.18 on Friday. The company has a market capitalization of $23.18 billion, a P/E ratio of 10.29 and a beta of 0.64. The stock’s 50 day moving average price is $1,792.68 and its 200 day moving average price is $1,856.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52 week low of $1,704.17 and a 52 week high of $2,207.59.

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.