Wealthfront Advisers LLC Takes $4.07 Million Position in Markel Group Inc. $MKL

Wealthfront Advisers LLC acquired a new stake in Markel Group Inc. (NYSE:MKL) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,084 shares of the insurance provider’s stock, valued at approximately $4,070,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Markel Group during the 2nd quarter worth $1,362,880,000. Davis Selected Advisers grew its stake in Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after acquiring an additional 41,632 shares during the period. Select Equity Group L.P. increased its holdings 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 acquiring an additional 145,146 shares in the last quarter. State Street Corp increased its holdings in shares of Markel Group by 2.1% in the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after acquiring an additional 6,160 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised 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 purchasing an additional 23,631 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Truist Financial cut their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Down 0.2%

Shares of MKL stock opened at $1,790.92 on Friday. The firm’s fifty day moving average price is $1,908.92 and its two-hundred day moving average price is $1,922.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The firm has a market capitalization of $22.19 billion, a P/E ratio of 9.85 and a beta of 0.66.

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.