Madison Asset Management LLC Makes New $549,000 Investment in Markel Group Inc. $MKL

Madison Asset Management LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 281 shares of the insurance provider’s stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keybank National Association OH grew its holdings in shares of Markel Group by 0.7% in the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock valued at $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after buying an additional 5 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after buying an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after buying an additional 5 shares during the period. Finally, Lido Advisors LLC boosted its position in Markel Group by 1.1% in the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wolfe Research started coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial lowered their target price on 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, Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Stock Up 0.2%

Shares of NYSE:MKL opened at $1,791.88 on Friday. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The firm’s 50 day moving average price is $1,907.86 and its 200 day moving average price is $1,921.68. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of 9.85 and a beta of 0.66.

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.