Korea Investment CORP Makes New Investment in Markel Group Inc. $MKL

Key Points

• Korea Investment CORP acquired 6,075 shares of Markel Group in the second quarter, worth approximately $11.9 million.
• Institutional investors own 77.12% of Markel’s stock, with several firms—including Goldman Sachs and Empowered Funds—recently increasing their positions.
• Analysts maintain a consensus “Hold” rating, with one Buy, four Hold, and one Sell rating and an average price target of $2,025; MKL recently traded at $1,817.76.

Korea Investment CORP bought a new position in Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,075 shares of the insurance provider's stock, valued at approximately $11,865,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Markel Group during the 4th quarter valued at $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock valued at $204,000 after purchasing an additional 13 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock valued at $64,883,000 after purchasing an additional 3,083 shares in the last quarter. Empowered Funds LLC boosted its stake in Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock worth $778,000 after purchasing an additional 137 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Markel Group in the 2nd quarter worth about $463,000. Institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MKL. Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Truist Financial reduced 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 research note on Thursday, April 30th. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating on the stock. Finally, Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $2,025.00.

Markel Group Stock Performance

Shares of MKL opened at $1,817.76 on Tuesday. 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 company has a market cap of $22.52 billion, a PE ratio of 10.00 and a beta of 0.66. The stock has a 50-day moving average price of $1,907.04 and a 200-day moving average price of $1,919.36.

About Markel Group

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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