Mitsubishi UFJ Asset Management Co. Ltd. Invests $28.43 Million in Markel Group Inc. $MKL

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,557 shares of the insurance provider’s stock, valued at approximately $28,430,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Davis Selected Advisers lifted its holdings in shares of Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after buying an additional 41,632 shares during the period. Select Equity Group L.P. lifted its holdings in Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after acquiring an additional 145,146 shares during the period. State Street Corp boosted its position in Markel Group by 2.1% in the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after purchasing an additional 6,160 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Markel Group by 13.0% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Markel Group by 5.9% during the 3rd quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock worth $292,627,000 after purchasing an additional 8,539 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Markel Group Price Performance

Markel Group stock opened at $1,790.92 on Friday. The stock has a market capitalization of $22.19 billion, a P/E ratio of 9.85 and a beta of 0.66. The company’s fifty day moving average price is $1,908.92 and its 200 day moving average price is $1,922.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59.

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.