Texas Yale Capital Corp. Acquires 86 Shares of Markel Group Inc. (NYSE:MKL)

by · The Markets Daily

Texas Yale Capital Corp. increased its holdings in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,412 shares of the insurance provider’s stock after acquiring an additional 86 shares during the quarter. Texas Yale Capital Corp.’s holdings in Markel Group were worth $2,640,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Markel Group by 3.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,645 shares of the insurance provider’s stock worth $4,945,000 after acquiring an additional 89 shares during the period. TD Asset Management Inc increased its position in Markel Group by 34.0% during the first quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock worth $128,323,000 after acquiring an additional 17,413 shares during the period. HB Wealth Management LLC increased its position in Markel Group by 180.0% during the first quarter. HB Wealth Management LLC now owns 1,761 shares of the insurance provider’s stock worth $3,292,000 after acquiring an additional 1,132 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in Markel Group by 6.5% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 2,793 shares of the insurance provider’s stock valued at $5,222,000 after buying an additional 170 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Markel Group by 0.8% in the 1st quarter. Cetera Investment Advisers now owns 1,662 shares of the insurance provider’s stock valued at $3,107,000 after buying an additional 13 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 1.1%

MKL opened at $2,024.79 on Monday. The company’s 50 day moving average is $1,960.66 and its 200-day moving average is $1,879.90. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The company has a market cap of $25.69 billion, a P/E ratio of 14.92 and a beta of 0.84.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly owned 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Argus upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,820.33.

View Our Latest Stock Analysis on MKL

About Markel Group

(Free Report)

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.

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