Public Employees Retirement System of Ohio Invests $7.42 Million in Markel Group Inc. $MKL

Public Employees Retirement System of Ohio purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,801 shares of the insurance provider’s stock, valued at approximately $7,423,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Markel Group by 13.2% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after acquiring an additional 11,439 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Markel Group in the 2nd quarter valued at $68,051,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Markel Group by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after purchasing an additional 732 shares during the period. Axxcess Wealth Management LLC increased its stake in Markel Group by 77.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after purchasing an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MKL shares. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research began coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. Finally, Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Trading Down 0.3%

Shares of NYSE:MKL opened at $1,797.03 on Wednesday. The company has a market capitalization of $22.27 billion, a PE ratio of 9.88 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The business’s fifty day simple moving average is $1,900.01 and its 200-day simple moving average is $1,907.61.

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.