Public Employees Retirement System of Ohio Buys Shares of 3,801 Markel Group Inc. $MKL

Public Employees Retirement System of Ohio bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,801 shares of the insurance provider’s stock, valued at approximately $7,423,000.

Several other hedge funds also recently added to or reduced their stakes in MKL. BlackRock Inc. purchased a new stake in Markel Group in the second quarter valued at about $1,362,880,000. Norges Bank purchased a new stake in Markel Group during the 4th quarter worth approximately $317,583,000. Select Equity Group L.P. increased its stake in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares in the last quarter. Bank of America Corp DE acquired a new position in Markel Group during the 2nd quarter valued at approximately $231,608,000. Finally, Davis Asset Management L.P. purchased a new position in shares of Markel Group in the second quarter worth $179,882,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Down 0.3%

Markel Group stock opened at $1,797.03 on Wednesday. The business’s 50-day moving average price is $1,900.01 and its 200 day moving average price is $1,907.61. 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 firm has a market cap of $22.27 billion, a price-to-earnings ratio of 9.88 and a beta of 0.65. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

Wall Street Analysts Forecast Growth

MKL has been the subject of several research reports. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating for the company. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2,025.00.

About Markel Group

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.