Citizens Financial Group Inc. RI Takes Position in Markel Group Inc. $MKL

Citizens Financial Group Inc. RI bought a new position in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, Holdings Channel reports. The fund bought 387 shares of the insurance provider’s stock, valued at approximately $756,000.

A number of other hedge funds also recently made changes to their positions in MKL. Fideuram Asset Management Ireland dac bought a new position in Markel Group during the fourth quarter valued at approximately $26,000. Reflection Asset Management purchased a new position in Markel Group during the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC bought a new stake in Markel Group in the 4th quarter worth approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in Markel Group in the 3rd quarter worth approximately $29,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Markel Group during the 4th quarter worth approximately $39,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Truist Financial reduced their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $2,025.00.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.08% of the company’s stock.

Markel Group Trading Up 1.0%

Shares of NYSE MKL opened at $1,816.86 on Wednesday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50 day moving average is $1,910.16 and its two-hundred day moving average is $1,925.90. The stock has a market capitalization of $22.51 billion, a P/E ratio of 9.99 and a beta of 0.66.

About Markel Group

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.