Broad Run Investment Management LLC acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,578 shares of the insurance provider's stock, valued at approximately $40,189,000. Markel Group comprises approximately 6.2% of Broad Run Investment Management LLC's investment portfolio, making the stock its 5th biggest position. Broad Run Investment Management LLC owned about 0.17% of Markel Group as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Markel Group during the second quarter worth $1,362,880,000. Norges Bank acquired a new stake in shares of Markel Group during the fourth quarter worth about $317,583,000. Select Equity Group L.P. lifted its holdings in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider's stock valued at $671,850,000 after purchasing an additional 145,146 shares in the last quarter. Davis Asset Management L.P. bought a new position in shares of Markel Group during the 2nd quarter valued at about $179,882,000. Finally, Davis Selected Advisers grew its position in shares of Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider's stock valued at $892,496,000 after purchasing an additional 41,632 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Truist Financial lowered their target price on Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a report on Thursday, April 30th. Finally, Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an "underperform" rating on the stock. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average target price of $2,025.00.
Check Out Our Latest Analysis on MKL
Markel Group Trading Up 1.2%
Markel Group stock opened at $1,817.76 on Tuesday. The firm has a 50-day moving average of $1,907.04 and a 200-day moving average of $1,919.36. 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 current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 10.00 and a beta of 0.66.
About Markel Group
(
Free Report)
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.
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