MASTERINVEST Kapitalanlage GmbH acquired a new stake in Markel Group Inc. (NYSE:MKL – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 844 shares of the insurance provider’s stock, valued at approximately $1,648,000.
Several other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group in the 4th quarter valued at $26,000. Reflection Asset Management bought a new stake in shares of Markel Group during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group in the third quarter valued at about $29,000. Basepoint Wealth LLC acquired a new stake in Markel Group in the fourth quarter valued at about $32,000. Finally, Kelleher Financial Advisors bought a new position in Markel Group in the third quarter valued at about $38,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MKL has been the subject of several research analyst reports. Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Truist Financial lowered their price objective on shares of 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. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2,025.00.
Markel Group Stock Down 0.6%
Shares of NYSE:MKL opened at $1,804.99 on Friday. The firm has a market cap of $22.36 billion, a P/E ratio of 9.93 and a beta of 0.66. The company has a quick ratio of 0.63, a current 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 has a fifty day simple moving average of $1,903.61 and a 200 day simple moving average of $1,913.61.
Markel Group 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.
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