Principle Wealth Partners LLC Purchases New Holdings in Markel Group Inc. $MKL

Principle Wealth Partners LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 737 shares of the insurance provider’s stock, valued at approximately $1,439,000.

Several other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Markel Group during the 2nd quarter worth approximately $28,430,000. OneDigital Investment Advisors LLC bought a new position in shares of Markel Group in the second quarter valued at $670,000. Cura Wealth Advisors LLC bought a new position in shares of Markel Group in the second quarter valued at $203,000. Baxter Bros Inc. acquired a new position in Markel Group during the second quarter worth $5,142,000. Finally, Global Retirement Partners LLC acquired a new position in Markel Group during the second quarter worth $137,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 2.6%

MKL opened at $1,799.85 on Tuesday. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The stock’s fifty day simple moving average is $1,910.09 and its 200 day simple moving average is $1,927.25. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.30 billion, a PE ratio of 9.90 and a beta of 0.66.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Markel Group 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 in the company, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by company insiders.

Markel Group 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.