184 Shares in Markel Group Inc. (NYSE:MKL) Purchased by ORG Partners LLC

ORG Partners LLC bought a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 184 shares of the insurance provider’s stock, valued at approximately $290,000.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Markel Group by 4.9% in the fourth quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 7 shares during the last quarter. Intellectus Partners LLC boosted its stake in shares of Markel Group by 1.9% in the 4th quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after buying an additional 8 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Markel Group by 1.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock worth $616,000 after acquiring an additional 8 shares during the period. Watchman Group Inc. increased its position in Markel Group by 0.3% during the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock valued at $3,344,000 after acquiring an additional 8 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its position in Markel Group by 2.5% in the first quarter. Opal Wealth Advisors LLC now owns 326 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, Director Greta J. Harris sold 122 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares in the company, valued at $1,027,606.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now owns 66,668 shares in the company, valued at approximately $109,228,184.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the transaction, the director now owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Markel Group Price Performance

Shares of MKL traded up $15.79 during trading hours on Wednesday, reaching $1,536.66. 38,210 shares of the stock traded hands, compared to its average volume of 44,910. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.29. The company has a market cap of $19.98 billion, a P/E ratio of 8.30 and a beta of 0.73. The company’s 50-day moving average price is $1,568.79 and its two-hundred day moving average price is $1,533.09.

Markel Group Company Profile

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.