Markel Group Inc. $MKL Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer increased its Markel Group stake by 2.5% in the third quarter, bringing its holdings to 94,927 shares worth approximately $163.1 million. Institutional investors collectively own 77.12% of MKL.
• Analyst sentiment remains cautious: four analysts rate Markel “Hold” and one rates it “Sell,” resulting in an average “Reduce” rating and a consensus price target of $2,025.
• Markel shares opened at $1,868.62, with a $22.85 billion market capitalization and a 52-week trading range of $1,704.17 to $2,207.59.

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,927 shares of the insurance provider's stock after purchasing an additional 2,326 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.77% of Markel Group worth $163,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Markel Group during the 2nd quarter worth $1,362,880,000. Dimensional Fund Advisors LP increased its stake in shares of Markel Group by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider's stock valued at $262,172,000 after purchasing an additional 6,428 shares during the last quarter. Bank of America Corp DE acquired a new position in Markel Group in the 2nd quarter valued at approximately $231,608,000. Davis Asset Management L.P. bought a new stake in Markel Group in the second quarter worth approximately $179,882,000. Finally, JANA Partners Management LP lifted its stake in shares of Markel Group by 1.9% in the second quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider's stock valued at $149,880,000 after buying an additional 1,436 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

MKL has been the subject of several recent analyst reports. Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Markel Group presently has an average rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group Stock Down 0.1%

Shares of NYSE:MKL opened at $1,868.62 on Monday. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 13.28 and a beta of 0.60. Markel Group Inc. has a fifty-two week low of $1,704.17 and a fifty-two week high of $2,207.59. The firm's 50 day moving average price is $1,798.38 and its 200 day moving average price is $1,899.53. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.24.

About Markel Group

Markel Group Inc NYSE: MKL is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel's insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers' compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.

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