West Family Investments Inc. Purchases Shares of 373 Markel Group Inc. $MKL

West Family Investments Inc. purchased a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, HoldingsChannel.com reports. The fund purchased 373 shares of the insurance provider’s stock, valued at approximately $728,000.

Other hedge funds have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group during the fourth quarter valued at about $26,000. Reflection Asset Management purchased a new stake in shares of Markel Group during the fourth quarter worth about $26,000. Basepoint Wealth LLC bought a new stake in shares of Markel Group in the fourth quarter worth about $32,000. Measured Wealth Private Client Group LLC purchased a new position in Markel Group during the 3rd quarter valued at about $29,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Markel Group in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MKL shares. Wolfe Research started coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Truist Financial reduced their price objective 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 issued a Sell rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Stock Down 1.0%

MKL stock opened at $1,796.58 on Thursday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 9.88 and a beta of 0.66. The business’s 50 day moving average price is $1,909.70 and its two-hundred day moving average price is $1,924.35. 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 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.