Blue Edge Capital LLC Grows Stock Position in Markel Group Inc. $MKL

Key Points

• Blue Edge Capital increased its Markel Group stake by 79.3% in the second quarter, ending the period with 1,997 shares valued at approximately $3.9 million.
• Institutional ownership remains high, with hedge funds and other institutional investors holding 77.12% of Markel’s outstanding stock; several major investors also increased their positions.
• Markel shares opened at $1,786.42, below the consensus analyst price target of $2,025. Analysts’ overall rating is “Hold”, with one Buy, four Hold, and one Sell rating.

Blue Edge Capital LLC grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 79.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,997 shares of the insurance provider's stock after buying an additional 883 shares during the period. Blue Edge Capital LLC's holdings in Markel Group were worth $3,900,000 at the end of the most recent reporting period.

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

Markel Group Price Performance

Markel Group stock opened at $1,786.42 on Thursday. The business has a 50-day simple moving average of $1,887.29 and a 200 day simple moving average of $1,896.79. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of 9.82 and a beta of 0.65. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MKL shares. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating on the stock. Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $2,025.00.

Markel Group Profile

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers' compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.

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