2,854 Shares in Markel Group Inc. $MKL Bought by Front Street Capital Management Inc.

Key Points

• Front Street Capital Management initiated a Markel Group position by purchasing 2,854 shares worth approximately $5.65 million, representing 0.6% of its portfolio.
• Institutional ownership remains high at 77.12%, with major investors including BlackRock, Davis Selected Advisers and Select Equity Group increasing or establishing positions.
• Analysts remain cautious: Markel carries an average “Hold” rating and a $2,025 price target, while shares recently opened at $1,817.76.

Front Street Capital Management Inc. bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,854 shares of the insurance provider's stock, valued at approximately $5,649,000. Markel Group accounts for 0.6% of Front Street Capital Management Inc.'s holdings, making the stock its 27th largest position.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Markel Group in the 2nd quarter worth about $1,362,880,000. Davis Selected Advisers lifted its stake 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. Select Equity Group L.P. boosted its position 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. State Street Corp boosted its position in shares of Markel Group by 2.1% during the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider's stock valued at $581,818,000 after purchasing an additional 6,160 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider's stock worth $440,379,000 after purchasing an additional 23,631 shares during the period. Institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wolfe Research started coverage on Markel Group in a report on Wednesday, July 1st. They issued an "underperform" rating for the company. Weiss Ratings raised shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Truist Financial lowered their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. One equities 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $2,025.00.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,817.76 on Tuesday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The stock's 50 day moving average is $1,907.04 and its 200-day moving average is $1,919.36. 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 has a market capitalization of $22.52 billion, a price-to-earnings ratio of 10.00 and a beta of 0.66.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source