Davis Asset Management L.P. Acquires Shares of 92,105 Markel Group Inc. $MKL

Davis Asset Management L.P. acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 92,105 shares of the insurance provider’s stock, valued at approximately $179,882,000. Markel Group accounts for approximately 4.6% of Davis Asset Management L.P.’s portfolio, making the stock its 5th biggest holding. Davis Asset Management L.P. owned about 0.74% of Markel Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MKL. Brighton Jones LLC purchased a new position in Markel Group during the 4th quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the period. Empowered Funds LLC grew its holdings in shares of Markel Group by 49.1% during the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock worth $778,000 after buying an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Markel Group during the second quarter worth about $463,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 0.2%

Shares of NYSE:MKL opened at $1,791.88 on Friday. 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $1,907.86 and its 200-day simple moving average is $1,921.68. The company has a market cap of $22.20 billion, a price-to-earnings ratio of 9.85 and a beta of 0.66.

Analyst Upgrades and Downgrades

Several analysts have commented on MKL shares. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating for the company. Truist Financial lowered their target price on 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 raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2,025.00.

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.