Hsbc Holdings PLC Has $66.42 Million Stock Position in Markel Group Inc. $MKL

Key Points

• HSBC increased its Markel Group stake by 18.4% in the second quarter, holding 33,966 shares valued at approximately $66.42 million. Institutional investors and hedge funds collectively own 77.12% of MKL.
• Analyst sentiment remains mixed, with one Buy, four Hold, and one Sell rating. Markel has a consensus rating of Hold and an average price target of $2,025.
• Markel shares opened at $1,828.12, giving the company a market capitalization of $22.65 billion. The stock has traded between $1,719.41 and $2,207.59 over the past 52 weeks.

Hsbc Holdings PLC increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,966 shares of the insurance provider's stock after acquiring an additional 5,269 shares during the period. Hsbc Holdings PLC owned about 0.27% of Markel Group worth $66,423,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC purchased a new position in Markel Group in the fourth quarter valued at about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock valued at $204,000 after buying an additional 13 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock valued at $64,883,000 after buying an additional 3,083 shares in the last quarter. Empowered Funds LLC increased its holdings in Markel Group by 49.1% in the first quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock worth $778,000 after buying an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Markel Group in the second quarter worth approximately $463,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MKL. 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 initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating on the stock. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $2,025.00.

Markel Group Stock Up 0.1%

MKL stock opened at $1,828.12 on Tuesday. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 10.05 and a beta of 0.65. The company has a 50-day moving average of $1,893.22 and a two-hundred day moving average of $1,900.77. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

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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