Oppenheimer Asset Management Inc. Buys Shares of 401 Markel Group Inc. $MKL

Oppenheimer Asset Management Inc. purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 401 shares of the insurance provider’s stock, valued at approximately $783,000.

A number of other large investors have also modified their holdings of MKL. Norges Bank acquired a new position in Markel Group during the 4th quarter valued at about $317,583,000. Select Equity Group L.P. increased its stake 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 valued at $671,850,000 after purchasing an additional 145,146 shares during the period. Davis Selected Advisers raised its holdings in shares of Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after buying an additional 41,632 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 valued at $54,421,000 after buying an additional 24,557 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position 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 worth $440,379,000 after buying an additional 23,631 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 2.6%

Markel Group stock opened at $1,799.85 on Tuesday. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $22.30 billion, a PE ratio of 9.90 and a beta of 0.66. The firm has a 50 day simple moving average of $1,910.09 and a 200-day simple moving average of $1,927.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MKL shares. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial reduced their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Weiss Ratings raised Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Finally, Wolfe Research initiated coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Insider Transactions at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.08% of the company’s stock.

Markel Group Company Profile

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.