California State Teachers Retirement System Has $68.79 Billion Position in Markel Group Inc. $MKL

Key Points

• California State Teachers Retirement System reported acquiring 35.2 million additional Markel Group shares in the second quarter, bringing its reported holdings to 35.2 million shares valued at approximately $68.79 billion. Institutional investors collectively own 77.12% of MKL.
• Analyst sentiment remains mixed: Markel has a consensus “Hold” rating, with one Buy, four Hold, and one Sell recommendation, and an average price target of $2,025.
• Markel shares opened at $1,828.12, near the lower end of their 12-month range of $1,719.41 to $2,207.59. The company has a $22.65 billion market capitalization and a price-to-earnings ratio of 10.05.

California State Teachers Retirement System lifted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 194,510.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,222,535 shares of the insurance provider's stock after buying an additional 35,204,436 shares during the period. California State Teachers Retirement System owned about 284.28% of Markel Group worth $68,789,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC lifted its position in shares of Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock worth $344,000 after acquiring an additional 5 shares during the period. Root Financial Partners LLC raised its stake in shares of Markel Group by 13.9% in the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider's stock valued at $88,000 after purchasing an additional 5 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Markel Group by 4.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock worth $254,000 after purchasing an additional 5 shares during the period. Lido Advisors LLC boosted its stake in Markel Group by 1.1% during the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider's stock worth $912,000 after buying an additional 5 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its holdings in Markel Group by 5.6% in the 1st quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider's stock valued at $216,000 after buying an additional 6 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MKL has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. 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. Finally, Wolfe Research began coverage on Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating on the stock. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of "Hold" and an average price target of $2,025.00.

Markel Group Stock Up 0.1%

MKL opened at $1,828.12 on Monday. The firm's 50-day simple moving average is $1,895.75 and its 200-day simple moving average is $1,902.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 10.05 and a beta of 0.65.

Markel Group Company 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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