Markel Group Inc. $MKL Stock Position Lowered by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC decreased its position in Markel Group Inc. (NYSE:MKL) by 5.9% in the second quarter, HoldingsChannel reports. The firm owned 5,805 shares of the insurance provider’s stock after selling 362 shares during the period. Markel Group accounts for about 1.5% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 21st biggest holding. Live Oak Private Wealth LLC’s holdings in Markel Group were worth $11,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Markel Group during the 2nd quarter valued at $1,362,880,000. Select Equity Group L.P. boosted its position in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after buying an additional 145,146 shares during the period. State Street Corp grew its holdings in shares of Markel Group by 2.1% during the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock valued at $581,818,000 after buying an additional 6,160 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after buying an additional 23,631 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Markel Group by 5.9% during the third quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock valued at $292,627,000 after buying an additional 8,539 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,797.03 on Wednesday. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 9.88 and a beta of 0.65. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $1,900.01 and a 200 day simple moving average of $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.