8,845 Shares in Markel Group Inc. $MKL Acquired by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in Markel Group Inc. (NYSE:MKL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 8,845 shares of the insurance provider’s stock, valued at approximately $17,274,000.

Other large investors have also modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in Markel Group in the fourth quarter valued at $26,000. Reflection Asset Management purchased a new position in shares of Markel Group in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the 3rd quarter valued at about $29,000. Basepoint Wealth LLC acquired a new position in shares of Markel Group during the fourth quarter worth about $32,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Markel Group during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Truist Financial reduced their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Stock Up 1.2%

MKL opened at $1,817.76 on Tuesday. The business’s 50-day simple moving average is $1,907.04 and its 200-day simple moving average is $1,919.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The stock has a market capitalization of $22.52 billion, a P/E ratio of 10.00 and a beta of 0.66.

Markel Group Profile

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.