Trust Point Inc. Invests $694,000 in Markel Group Inc. (NYSE:MKL)

Trust Point Inc. bought a new stake in Markel Group Inc. (NYSE:MKL) during the 4th quarter, HoldingsChannel reports. The firm bought 402 shares of the insurance provider’s stock, valued at approximately $694,000.

A number of other institutional investors have also bought and sold shares of the company. SpiderRock Advisors LLC boosted its position in shares of Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares in the last quarter. Versor Investments LP boosted its holdings in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after buying an additional 160 shares in the last quarter. Fiduciary Alliance LLC grew its position in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $2,803,000. Finally, Franklin Resources Inc. increased its stake in shares of Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after acquiring an additional 527 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada reduced their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Price Performance

MKL stock opened at $1,839.21 on Wednesday. The company has a market capitalization of $23.65 billion, a P/E ratio of 8.48 and a beta of 0.78. Markel Group Inc. has a 52-week low of $1,405.11 and a 52-week high of $1,847.92. The business has a 50-day simple moving average of $1,754.31 and a two-hundred day simple moving average of $1,644.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

About Markel Group

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.