Mitsubishi UFJ Asset Management Co. Ltd. Has $22.46 Million Stock Holdings in Markel Group Inc. $MKL

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Markel Group Inc. (NYSE:MKL) by 8.6% in the third quarter, HoldingsChannel reports. The firm owned 11,752 shares of the insurance provider’s stock after purchasing an additional 927 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Markel Group were worth $22,462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Markel Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock worth $2,242,020,000 after buying an additional 5,184 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Markel Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after acquiring an additional 9,496 shares during the last quarter. Select Equity Group L.P. boosted its holdings 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 worth $671,850,000 after acquiring an additional 145,146 shares in the last quarter. Norges Bank acquired a new position in shares of Markel Group in the 2nd quarter worth approximately $288,361,000. Finally, Epoch Investment Partners Inc. grew its position in Markel Group by 5.8% during the 2nd quarter. Epoch Investment Partners Inc. now owns 114,263 shares of the insurance provider’s stock worth $228,224,000 after acquiring an additional 6,244 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Markel Group stock opened at $2,068.81 on Monday. The business’s 50-day simple moving average is $2,093.33 and its 200 day simple moving average is $2,022.15. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The stock has a market cap of $26.03 billion, a price-to-earnings ratio of 12.19 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,207.59.

Insider Buying and Selling

In other news, CEO Simon Wilson sold 100 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares of the company’s stock, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the transaction, the director owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MKL. Truist Financial lifted their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus target price of $2,100.00.

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.