OneAscent Financial Services LLC Makes New Investment in Markel Group Inc. $MKL

Key Points

• OneAscent Financial Services initiated a Markel Group stake of 866 shares valued at approximately $1.69 million in the second quarter. Institutional investors and hedge funds collectively own 77.12% of MKL.
• Analyst sentiment remains cautious: MKL has a consensus “Hold” rating from six analysts, with a consensus price target of $2,025. Ratings range from Buy to Sell, while Truist recently reduced its target to $1,950.
• 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.

OneAscent Financial Services LLC bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 866 shares of the insurance provider's stock, valued at approximately $1,691,000.

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

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. Truist Financial lowered 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 report on Thursday, April 30th. Wall Street Zen raised Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Wolfe Research assumed coverage on Markel Group in a research note on Wednesday, July 1st. They set an "underperform" rating on the stock. One research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $2,025.00.

Markel Group Trading Down 0.2%

NYSE MKL opened at $1,790.92 on Friday. The firm's fifty day moving average price is $1,908.92 and its 200 day moving average price is $1,922.59. 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 debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 9.85 and a beta of 0.66.

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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