PenderFund Capital Management Ltd. Invests $822,000 in Markel Group Inc. $MKL

PenderFund Capital Management Ltd. purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, Holdings Channel reports. The fund purchased 421 shares of the insurance provider’s stock, valued at approximately $822,000.

A number of other large investors have also recently modified their holdings of the company. Keybank National Association OH grew its stake in Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC increased its holdings in Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 5 shares during the period. Root Financial Partners LLC raised its position in Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after buying an additional 5 shares during the period. Finally, Lido Advisors LLC lifted its holdings in shares of Markel Group by 1.1% in the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.6%

NYSE:MKL opened at $1,804.99 on Friday. The company’s 50-day simple moving average is $1,903.61 and its 200-day simple moving average is $1,913.61. 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 fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The stock has a market capitalization of $22.36 billion, a P/E ratio of 9.93 and a beta of 0.66.

Analyst Ratings Changes

A number of research firms have recently issued reports on MKL. Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial lowered their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2,025.00.

About Markel Group

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.