2,369 Shares in Markel Group Inc. $MKL Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) during the second quarter, Holdings Channel reports. The firm purchased 2,369 shares of the insurance provider’s stock, valued at approximately $4,627,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Markel Group in the second quarter worth $1,362,880,000. Norges Bank purchased a new stake in shares of Markel Group during the fourth quarter worth about $317,583,000. Select Equity Group L.P. raised its position in shares of Markel Group by 75.9% in 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 during the last quarter. Davis Asset Management L.P. purchased a new position in shares of Markel Group in the 2nd quarter valued at approximately $179,882,000. Finally, Davis Selected Advisers boosted its stake in Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,817.76 on Tuesday. The stock has a market capitalization of $22.52 billion, a P/E ratio of 10.00 and a beta of 0.66. The business has a 50 day simple moving average of $1,907.04 and a two-hundred day simple moving average of $1,919.36. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Truist Financial reduced 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, Wolfe Research initiated coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.