Korea Investment CORP Purchases Shares of 6,075 Markel Group Inc. $MKL

Korea Investment CORP purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,075 shares of the insurance provider’s stock, valued at approximately $11,865,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MKL. Fideuram Asset Management Ireland dac bought a new stake in Markel Group in the 4th quarter worth approximately $26,000. Reflection Asset Management purchased a new position in shares of Markel Group during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group during the third quarter worth approximately $29,000. Basepoint Wealth LLC bought a new stake in shares of Markel Group in the 4th quarter worth approximately $32,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Markel Group in the 3rd quarter valued at $38,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of analyst reports. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Truist Financial decreased their price objective on 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. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Up 1.2%

Shares of NYSE MKL opened at $1,817.76 on Tuesday. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 10.00 and a beta of 0.66. 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 fifty day moving average is $1,907.04 and its 200 day moving average is $1,919.36. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

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.