Legal & General Group Plc Purchases New Holdings in Markel Group Inc. $MKL

Legal & General Group Plc acquired a new position in Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 62,580 shares of the insurance provider’s stock, valued at approximately $122,219,000.

Several other large investors also recently added to or reduced their stakes in MKL. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group in the 4th quarter worth about $26,000. Reflection Asset Management purchased a new position in Markel Group during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Markel Group during the 3rd quarter valued at about $29,000. Basepoint Wealth LLC acquired a new position in shares of Markel Group in the 4th quarter valued at about $32,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Markel Group in the 3rd quarter valued at about $38,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MKL. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating for the company. Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Truist Financial reduced their price target on 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, Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Stock Down 0.6%

Shares of MKL stock opened at $1,804.99 on Friday. The stock’s 50 day simple moving average is $1,903.61 and its 200 day simple moving average is $1,913.61. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 9.93 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.