Corient Private Wealth LP Buys Shares of 3,361 Markel Group Inc. $MKL

Key Points

• Corient Private Wealth initiated a position in Markel Group by purchasing 3,361 shares valued at approximately $6.56 million during the second quarter.
• Several other institutional investors, including Bank of America and Caisse de dépôt et placement du Québec, also acquired Markel shares. Institutional investors now own 77.12% of the company.
• Markel shares opened at $1,821.21, below the consensus analyst price target of $2,025. The stock carries a consensus “Hold” rating, with one Buy, four Hold, and one Sell recommendation.

Corient Private Wealth LP bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,361 shares of the insurance provider's stock, valued at approximately $6,564,000.

A number of other large investors also recently modified their holdings of the business. Bank of America Corp DE acquired a new position in shares of Markel Group in the 2nd quarter valued at about $231,608,000. Caisse de depot et placement du Quebec bought a new stake in shares of Markel Group during the 2nd quarter valued at about $8,814,000. Man Group plc acquired a new stake in Markel Group during the second quarter worth about $3,312,000. Western Wealth Management LLC acquired a new stake in Markel Group during the second quarter worth about $373,000. Finally, Roberts Glore & Co. Inc. IL bought a new position in Markel Group in the second quarter worth about $268,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 0.1%

Markel Group stock opened at $1,821.21 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $1,902.99 and a two-hundred day moving average price of $1,911.84. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 10.01 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.

Analyst Ratings Changes

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

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.

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