Man Group plc Purchases New Position in Markel Group Inc. $MKL

Man Group plc acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,696 shares of the insurance provider’s stock, valued at approximately $3,312,000.

A number of other institutional investors have also recently bought and sold shares of MKL. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Markel Group by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock worth $211,172,000 after purchasing an additional 11,439 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Markel Group during the 2nd quarter worth approximately $68,051,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Markel Group by 6.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after buying an additional 732 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of Markel Group by 77.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after acquiring an additional 679 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Markel Group during the 2nd quarter worth approximately $5,486,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

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

Markel Group Stock Down 0.7%

MKL opened at $1,805.47 on Tuesday. The stock has a fifty day moving average of $1,901.90 and a 200-day moving average of $1,909.75. The company has a market capitalization of $22.37 billion, a P/E ratio of 9.93 and a beta of 0.66. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63.

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.