Pinnacle Associates Ltd. Sells 335 Shares of Markel Group Inc. $MKL

Pinnacle Associates Ltd. decreased its holdings in Markel Group Inc. (NYSE:MKL) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,131 shares of the insurance provider’s stock after selling 335 shares during the period. Pinnacle Associates Ltd.’s holdings in Markel Group were worth $25,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of MKL. CHICAGO TRUST Co NA raised its position in shares of Markel Group by 5.6% in the first quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 6 shares during the period. Heartwood Wealth Advisors LLC lifted its stake in shares of Markel Group by 2.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock valued at $387,000 after buying an additional 6 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Markel Group by 6.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 130 shares of the insurance provider’s stock valued at $223,000 after buying an additional 8 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Markel Group by 6.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $212,000 after buying an additional 8 shares in the last quarter. Finally, Sterling Investment Counsel LLC raised its holdings in Markel Group by 8.6% during the 1st quarter. Sterling Investment Counsel LLC now owns 114 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of several recent research reports. Weiss Ratings upgraded 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 report on Saturday, August 1st. Finally, Wolfe Research assumed coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Trading Up 1.4%

Shares of MKL opened at $1,881.82 on Wednesday. The business’s 50-day moving average price is $1,790.15 and its 200-day moving average price is $1,856.96. Markel Group Inc. has a twelve month low of $1,704.17 and a twelve month high of $2,207.59. The stock has a market cap of $23.32 billion, a PE ratio of 17.43 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Markel Group Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.