Empowered Funds LLC Takes Position in Markel Group Inc. $MKL

Empowered Funds LLC bought a new stake in shares of Markel Group Inc. (NYSE:MKL) during the second quarter, Holdings Channel reports. The institutional investor bought 900 shares of the insurance provider’s stock, valued at approximately $1,758,000.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. Fideuram Asset Management Ireland dac bought a new stake in Markel Group in the fourth quarter valued at $26,000. Reflection Asset Management acquired a new position in shares of Markel Group during the fourth quarter valued at about $26,000. Basepoint Wealth LLC acquired a new position in shares of Markel Group during the fourth quarter valued at about $32,000. Measured Wealth Private Client Group LLC bought a new position in shares of Markel Group during the 3rd quarter worth about $29,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Markel Group in the 4th quarter valued at about $39,000. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Markel Group Stock Performance

MKL opened at $1,845.86 on Friday. 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 company’s fifty day moving average price is $1,897.54 and its two-hundred day moving average price is $1,904.22. 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 market cap of $22.87 billion, a price-to-earnings ratio of 10.15 and a beta of 0.65.

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.