Giverny Capital Inc. Has $60.30 Million Holdings in Markel Group Inc. $MKL

Key Points

• Giverny Capital cut its Markel Group stake by 28.1% in the second quarter, selling 12,067 shares and retaining 30,877 shares valued at approximately $60.3 million. Markel represented about 2% of the fund’s portfolio.
• Institutional investors and hedge funds own 77.12% of Markel’s stock, with several firms recently initiating positions.
• Analyst sentiment remains mixed, with one Buy, four Hold, and one Sell rating; the stock carries an overall “Hold” consensus and an average price target of $2,025.

Giverny Capital Inc. trimmed its position in Markel Group Inc. (NYSE:MKL - Free Report) by 28.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,877 shares of the insurance provider's stock after selling 12,067 shares during the period. Markel Group accounts for approximately 2.0% of Giverny Capital Inc.'s investment portfolio, making the stock its 20th biggest position. Giverny Capital Inc. owned 0.25% of Markel Group worth $60,303,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MKL. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group during the fourth quarter valued at about $26,000. Reflection Asset Management acquired a new position in shares of Markel Group in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group in the third quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. bought a new position in Markel Group in the 2nd quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC bought a new position in Markel Group in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Analyst Ratings Changes

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

Markel Group Trading Up 0.1%

MKL opened at $1,828.12 on Monday. The stock has a market cap of $22.65 billion, a PE ratio of 10.05 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. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a fifty day moving average of $1,895.75 and a 200-day moving average of $1,902.58.

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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