28,861 Shares in Markel Group Inc. $MKL Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, Holdings Channel reports. The fund acquired 28,861 shares of the insurance provider’s stock, valued at approximately $56,366,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Markel Group by 13.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Markel Group by 6.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after buying an additional 732 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Markel Group by 77.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after buying an additional 679 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Markel Group by 3,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after buying an additional 24,557 shares during the last quarter. Finally, Fund Advisors of America Inc FL acquired a new stake in Markel Group in the 4th quarter valued at approximately $1,840,000. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial lowered 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 report on Thursday, April 30th. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Finally, Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. 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. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Price Performance

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