Markel Group Inc. $MKL Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management reduced its Markel Group stake by 4% in the second quarter, selling 4,265 shares and retaining 102,408 shares valued at approximately $200 million. Institutional investors and hedge funds collectively own 77.12% of MKL.
• Analyst sentiment remains mixed but centers on a “Hold” consensus: one analyst rates the stock Buy, four rate it Hold and one rates it Sell. The average price target is $2,025.
• Markel shares opened at $1,805.47, compared with a 12-month range of $1,719.41 to $2,207.59. The company has a market capitalization of about $22.37 billion and a price-to-earnings ratio of 9.93.

Wellington Management Group LLP reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,408 shares of the insurance provider's stock after selling 4,265 shares during the quarter. Wellington Management Group LLP owned about 0.83% of Markel Group worth $200,004,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MKL. Wellington Shields & Co. LLC grew its position in Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock worth $344,000 after purchasing an additional 5 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Markel Group by 13.9% in the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider's stock worth $88,000 after buying an additional 5 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock worth $254,000 after buying an additional 5 shares during the period. Lido Advisors LLC lifted its stake in shares of Markel Group by 1.1% during the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider's stock worth $912,000 after buying an additional 5 shares during the period. Finally, CHICAGO TRUST Co NA lifted its stake in shares of Markel Group by 5.6% during the first quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider's stock worth $216,000 after buying an additional 6 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MKL shares. Wall Street Zen raised Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings raised Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Finally, Wolfe Research began coverage on Markel Group in a research note 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 stock. According to data from MarketBeat.com, Markel Group has a consensus rating of "Hold" and an average price target of $2,025.00.

Markel Group Stock Performance

MKL opened at $1,805.47 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The firm has a 50 day moving average of $1,901.90 and a two-hundred day moving average of $1,909.75. The firm has a market capitalization of $22.37 billion, a PE ratio of 9.93 and a beta of 0.66.

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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