34,844 Shares in Markel Group Inc. $MKL Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 34,844 Markel Group shares worth approximately $68.1 million, representing about 0.28% of the insurer. Institutional investors collectively own 77.12% of Markel’s stock.
• Analyst sentiment remains mixed but centers on a “Hold” consensus: one analyst rates the stock Buy, four Hold, and one Sell, with an average price target of $2,025.
• Markel shares opened at $1,809.48, below their 50-day and 200-day moving averages. The stock has traded between $1,719.41 and $2,207.59 over the past year, with a market capitalization of $22.42 billion.

Bank of New York Mellon Corp acquired a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 34,844 shares of the insurance provider's stock, valued at approximately $68,051,000. Bank of New York Mellon Corp owned approximately 0.28% of Markel Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Markel Group in the fourth quarter worth $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 during the last quarter. Davis Selected Advisers boosted 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 worth $892,496,000 after purchasing an additional 41,632 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Markel Group by 3,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider's stock worth $54,421,000 after purchasing an additional 24,557 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in Markel Group by 13.0% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider's stock worth $440,379,000 after buying an additional 23,631 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set 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 note on Monday, August 17th. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $2,025.00.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,809.48 on Wednesday. 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 firm has a fifty day moving average of $1,905.56 and a 200 day moving average of $1,917.64. The firm has a market cap of $22.42 billion, a PE ratio of 9.95 and a beta of 0.66. Markel Group Inc. has a one year low of $1,719.41 and a one year 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.

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