Callan Family Office LLC Takes Position in Markel Group Inc. $MKL

Key Points

• Callan Family Office LLC purchased 981 shares of Markel Group in the second quarter, valued at approximately $1.9 million. Institutional investors collectively own 77.12% of the company.
• Markel shares opened at $1,791.88, below their 50-day and 200-day moving averages, with a 12-month range of $1,719.41 to $2,207.59 and a market capitalization of $22.2 billion.
• Analyst sentiment remains mixed, with one Buy, four Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $2,025.

Callan Family Office LLC purchased a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 981 shares of the insurance provider's stock, valued at approximately $1,916,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Markel Group in the 2nd quarter valued at $1,362,880,000. Norges Bank acquired a new stake in shares of Markel Group in the 4th quarter worth $317,583,000. Select Equity Group L.P. raised 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 worth $671,850,000 after acquiring an additional 145,146 shares during the period. Davis Selected Advisers raised its holdings in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider's stock worth $892,496,000 after acquiring an additional 41,632 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Markel Group during the 2nd quarter worth $68,051,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Down 0.2%

Shares of MKL opened at $1,791.88 on Monday. The company's 50-day moving average price is $1,907.86 and its 200 day moving average price is $1,920.89. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $22.20 billion, a P/E ratio of 9.85 and a beta of 0.66.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MKL. Truist Financial dropped their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating for the company. Finally, Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $2,025.00.

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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