Markel Group Inc. (NYSE:MKL) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its holdings in shares of Markel Group Inc. (NYSE:MKL) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580 shares of the insurance provider’s stock after selling 20 shares during the period. Axxcess Wealth Management LLC’s holdings in Markel Group were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Ritter Daniher Financial Advisory LLC DE raised its stake in Markel Group by 150.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after buying an additional 12 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Markel Group in the fourth quarter valued at about $30,000. Blue Trust Inc. raised its stake in Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after buying an additional 12 shares during the last quarter. Headlands Technologies LLC raised its stake in Markel Group by 3,200.0% in the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock valued at $97,000 after buying an additional 64 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Markel Group by 40.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock valued at $114,000 after buying an additional 23 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.7 %

Shares of NYSE:MKL 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. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,619.31. The business has a 50 day moving average of $1,491.08 and a two-hundred day moving average of $1,445.53. The company has a market capitalization of $20.70 billion, a PE ratio of 8.60 and a beta of 0.69.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MKL shares. Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Truist Financial increased their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday. Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Royal Bank of Canada increased their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,520.00.

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.