Oppenheimer Asset Management Inc. Takes $783,000 Position in Markel Group Inc. $MKL

Oppenheimer Asset Management Inc. acquired a new position in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 401 shares of the insurance provider’s stock, valued at approximately $783,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new position in Markel Group in the fourth quarter worth approximately $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Markel Group during the 3rd quarter valued at $29,000. Basepoint Wealth LLC bought a new stake in shares of Markel Group during the 4th quarter worth $32,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Markel Group during the 3rd quarter worth $38,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MKL shares. Truist Financial cut their target price on 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. Weiss Ratings upgraded Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wolfe Research started coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Markel Group has an average rating of “Reduce” and an average price target of $2,025.00.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.08% of the stock is currently owned by corporate insiders.

Markel Group Stock Performance

MKL stock opened at $1,799.85 on Tuesday. The firm has a 50 day simple moving average of $1,910.09 and a 200 day simple moving average of $1,927.25. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The stock has a market cap of $22.30 billion, a P/E ratio of 9.90 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 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.