Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 14,557 Markel Group Inc. $MKL

Key Points

• Mitsubishi UFJ Asset Management bought 14,557 Markel Group shares worth approximately $28.43 million, acquiring a 0.12% stake. Institutional investors collectively own 77.12% of the insurer.
• Analyst sentiment remains mixed but generally neutral: Markel has an average “Hold” rating and an average price target of $2,025, with ratings ranging from Buy to Sell.
• Markel shares opened at $1,790.92, down 0.2%, and remain below their 50-day and 200-day moving averages. The stock has traded between $1,719.41 and $2,207.59 over the past year.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,557 shares of the insurance provider's stock, valued at approximately $28,430,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Markel Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Markel Group in the fourth quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Markel Group by 13.5% during 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 during the period. Goldman Sachs Group Inc. raised its position in Markel Group by 9.7% during the 1st 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 during the last quarter. Empowered Funds LLC raised its holdings 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Markel Group in the 2nd quarter worth approximately $463,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MKL. Wolfe Research began coverage on Markel Group in a report on Wednesday, July 1st. They issued an "underperform" rating on the stock. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and an average price target of $2,025.00.

Markel Group Trading Down 0.2%

NYSE:MKL opened at $1,790.92 on Friday. The firm has a 50 day moving average of $1,908.92 and a 200 day moving average of $1,922.59. 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 52 week low of $1,719.41 and a 52 week high of $2,207.59. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 9.85 and a beta of 0.66.

Markel Group 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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