Assenagon Asset Management S.A. Has $12.16 Million Stake in Markel Group Inc. $MKL

Key Points

• Assenagon Asset Management increased its Markel Group stake by 16.5% in the second quarter, bringing its holdings to 6,226 shares valued at approximately $12.16 million.
• Institutional investors and hedge funds own 77.12% of Markel’s stock, while several other firms also increased or initiated positions during the quarter.
• Markel shares opened at $1,837.31, below the analyst consensus target of $2,025. Analysts remain cautious, with five Hold ratings and one Sell rating, resulting in a consensus “Reduce” rating.

Assenagon Asset Management S.A. increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 16.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,226 shares of the insurance provider's stock after acquiring an additional 882 shares during the period. Assenagon Asset Management S.A.'s holdings in Markel Group were worth $12,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hardin Capital Partners LLC acquired a new stake in shares of Markel Group during the second quarter valued at about $203,000. GAMMA Investing LLC raised its holdings in Markel Group by 26.3% in the 2nd quarter. GAMMA Investing LLC now owns 235 shares of the insurance provider's stock valued at $459,000 after buying an additional 49 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in Markel Group by 18.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,198 shares of the insurance provider's stock valued at $4,292,000 after buying an additional 339 shares during the last quarter. Versant Capital Management Inc boosted its position in Markel Group by 34.1% during the 2nd quarter. Versant Capital Management Inc now owns 55 shares of the insurance provider's stock worth $107,000 after buying an additional 14 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in Markel Group during the 1st quarter worth approximately $381,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Price Performance

Shares of MKL opened at $1,837.31 on Tuesday. The firm has a market cap of $22.76 billion, a PE ratio of 10.10 and a beta of 0.66. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The business's 50 day moving average price is $1,906.11 and its two-hundred day moving average price is $1,934.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MKL shares. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an "underperform" rating for the company. Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Truist Financial cut their price objective 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. Finally, Weiss Ratings raised shares of Markel Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Markel Group currently has a consensus rating of "Reduce" and an average target price of $2,025.00.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company's stock, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.08% of the company's stock.

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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