Markel Group Inc. $MKL Stake Lessened by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 8.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,262 shares of the insurance provider’s stock after selling 6,683 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.61% of Markel Group worth $128,882,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MKL. BlackRock Inc. purchased a new stake in Markel Group during the second quarter worth approximately $1,362,880,000. Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider’s stock valued at $262,172,000 after acquiring an additional 6,428 shares during the period. Bank of America Corp DE purchased a new position in shares of Markel Group in the 2nd quarter valued at $231,608,000. Davis Asset Management L.P. acquired a new position in shares of Markel Group during the 2nd quarter valued at $179,882,000. Finally, Madison Avenue Partners LP lifted its holdings in shares of Markel Group by 4.2% during the 4th quarter. Madison Avenue Partners LP now owns 87,889 shares of the insurance provider’s stock valued at $188,931,000 after acquiring an additional 3,579 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MKL shares. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Wolfe Research initiated coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,794.12 on Thursday. The firm has a market cap of $22.23 billion, a PE ratio of 16.81 and a beta of 0.64. The firm’s 50-day simple moving average is $1,790.33 and its 200-day simple moving average is $1,858.00. 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 1 year low of $1,704.17 and a 1 year high of $2,207.59.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.