Beacon Pointe Advisors LLC Purchases New Stake in Markel Group Inc. $MKL

Beacon Pointe Advisors LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,152 shares of the insurance provider's stock, valued at approximately $4,203,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Brighton Jones LLC acquired a new position in shares of Markel Group during the 4th quarter valued at about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock worth $204,000 after purchasing an additional 13 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Markel Group by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock worth $64,883,000 after purchasing an additional 3,083 shares during the period. Empowered Funds LLC boosted its holdings in Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock valued at $778,000 after purchasing an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Markel Group in the 2nd quarter valued at about $463,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MKL shares. 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 Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Wolfe Research assumed coverage on Markel Group in a research report on Wednesday, July 1st. They set an "underperform" rating for the company. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and an average price target of $2,025.00.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,821.21 on Friday. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 10.01 and a beta of 0.66. 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 business has a 50-day moving average of $1,902.99 and a 200 day moving average of $1,912.97. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month 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.

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL - Free Report).

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