Blue Edge Capital LLC Purchases 883 Shares of Markel Group Inc. $MKL

Blue Edge Capital LLC raised its position in shares of Markel Group Inc. (NYSE:MKL) by 79.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,997 shares of the insurance provider’s stock after purchasing an additional 883 shares during the period. Blue Edge Capital LLC’s holdings in Markel Group were worth $3,900,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Markel Group by 194,510.4% in the 2nd quarter. California State Teachers Retirement System now owns 35,222,535 shares of the insurance provider’s stock worth $68,789,963,000 after buying an additional 35,204,436 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Markel Group in the 2nd quarter worth approximately $1,362,880,000. Norges Bank purchased a new stake in shares of Markel Group in the 4th quarter valued at $317,583,000. Select Equity Group L.P. grew its holdings in shares of Markel Group by 75.9% during the 2nd 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 last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Markel Group in the second quarter worth about $231,608,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MKL shares. Wolfe Research started coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. 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, August 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Stock Up 0.0%

Shares of Markel Group stock opened at $1,786.42 on Thursday. The company’s fifty day simple moving average is $1,887.29 and its two-hundred day simple moving average is $1,896.79. 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 current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $22.13 billion, a P/E ratio of 9.82 and a beta of 0.65.

About Markel Group

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers’ compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.