Womack Financial LLC Purchases New Position in Markel Group Inc. $MKL

Womack Financial LLC bought a new stake in Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,978 shares of the insurance provider’s stock, valued at approximately $3,863,000. Markel Group makes up about 2.6% of Womack Financial LLC’s holdings, making the stock its 8th biggest holding.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Markel Group during the 4th quarter worth $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 13 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 purchasing an additional 3,083 shares during the last quarter. Empowered Funds LLC grew its stake in Markel Group by 49.1% in the first 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 stake in Markel Group in the second quarter valued at about $463,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Truist Financial decreased their price target 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. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2,025.00.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,817.76 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. The firm’s 50 day moving average is $1,907.04 and its two-hundred day moving average is $1,919.36. The firm has a market capitalization of $22.52 billion, a P/E ratio of 10.00 and a beta of 0.66. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59.

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.