Madison Asset Management LLC Buys New Stake in Markel Group Inc. $MKL

Madison Asset Management LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) during the second quarter, HoldingsChannel.com reports. The fund purchased 281 shares of the insurance provider’s stock, valued at approximately $549,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Markel Group during the 2nd quarter worth about $1,362,880,000. Norges Bank acquired a new stake in shares of Markel Group during the 4th quarter worth about $317,583,000. Select Equity Group L.P. lifted its stake in Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers lifted its stake in Markel Group by 11.1% during the fourth 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 during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Markel Group in the second quarter valued at approximately $68,051,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Up 0.2%

MKL opened at $1,791.88 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 debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $22.20 billion, a P/E ratio of 9.85 and a beta of 0.66. The business’s 50-day simple moving average is $1,907.86 and its 200-day simple moving average is $1,921.68.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. 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 investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Markel Group has a consensus 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.