OneAscent Financial Services LLC Invests $1.69 Million in Markel Group Inc. $MKL

OneAscent Financial Services LLC purchased a new stake in Markel Group Inc. (NYSE:MKLFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 866 shares of the insurance provider’s stock, valued at approximately $1,691,000.

A number of other hedge funds have also modified their holdings of MKL. BlackRock Inc. acquired a new stake in Markel Group during the 2nd quarter valued at $1,362,880,000. Davis Selected Advisers raised its holdings in shares of Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares during the last quarter. Select Equity Group L.P. lifted its position 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 valued at $671,850,000 after acquiring an additional 145,146 shares in the last quarter. State Street Corp lifted its position 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 valued at $581,818,000 after acquiring an additional 6,160 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake 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 valued at $440,379,000 after acquiring an additional 23,631 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,790.92 on Friday. The business’s 50-day simple moving average is $1,908.92 and its 200 day simple moving average is $1,922.59. The company has a market cap of $22.19 billion, a P/E ratio of 9.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wolfe Research assumed coverage on shares of Markel Group in a research note 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, Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus target price of $2,025.00.

View Our Latest Stock Analysis on MKL

Markel Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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