West Family Investments Inc. Purchases Shares of 373 Markel Group Inc. $MKL

West Family Investments Inc. purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 373 shares of the insurance provider’s stock, valued at approximately $728,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in Markel Group by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Markel Group by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after buying an additional 732 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after buying an additional 679 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Markel Group by 3,235.4% during the 4th 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 in the last quarter. Finally, Fund Advisors of America Inc FL bought a new stake in shares of Markel Group during the 4th quarter worth $1,840,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several research reports. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Wolfe Research assumed coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Truist Financial dropped 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 note on Thursday, April 30th. Finally, Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2,025.00.

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the stock in a transaction dated 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 sale, the director directly owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.08% of the company’s stock.

Markel Group Stock Down 1.0%

Shares of NYSE:MKL opened at $1,796.58 on Thursday. The stock’s 50-day moving average price is $1,909.70 and its 200-day moving average price is $1,924.35. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The stock has a market capitalization of $22.26 billion, a P/E ratio of 9.88 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

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.