Elevation Point Wealth Partners LLC acquired a new position in Markel Group Inc. (NYSE:MKL – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 338 shares of the insurance provider’s stock, valued at approximately $660,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Markel Group in the 4th quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after purchasing an additional 3,083 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after purchasing an additional 137 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Markel Group in the 2nd quarter worth approximately $463,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Truist Financial reduced 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 note on Thursday, April 30th. Finally, Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2,025.00.
Markel Group Trading Up 1.2%
Shares of NYSE:MKL opened at $1,817.76 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. 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 $22.52 billion, a P/E ratio of 10.00 and a beta of 0.66. The stock’s fifty day moving average price is $1,907.04 and its 200-day moving average price is $1,919.36.
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.
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