GAMMA Investing LLC Takes Position in Markel Group Inc. (NYSE:MKL)

GAMMA Investing LLC acquired a new position in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20 shares of the insurance provider’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC boosted its holdings in shares of Markel Group by 2.3% during the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock worth $452,000 after purchasing an additional 7 shares during the period. Signaturefd LLC boosted its stake in shares of Markel Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after buying an additional 7 shares during the period. Parisi Gray Wealth Management grew its holdings in shares of Markel Group by 1.7% during the 4th quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider’s stock valued at $768,000 after acquiring an additional 9 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Markel Group by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 780 shares of the insurance provider’s stock worth $1,149,000 after acquiring an additional 10 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Markel Group by 4.0% during the third quarter. Yousif Capital Management LLC now owns 259 shares of the insurance provider’s stock worth $381,000 after acquiring an additional 10 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research reports. Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Truist Financial raised their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Finally, Royal Bank of Canada raised 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 report on Friday. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,520.00.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,592.43 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $1,491.08 and a 200-day simple moving average of $1,445.53. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 8.60 and a beta of 0.69. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,619.31.

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.