The Manufacturers Life Insurance Company Purchases Shares of 1,198 Markel Group Inc. $MKL

The Manufacturers Life Insurance Company bought a new position in shares of Markel Group Inc. (NYSE:MKL) during the second quarter, Holdings Channel.com reports. The fund bought 1,198 shares of the insurance provider’s stock, valued at approximately $2,340,000.

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

Markel Group Price Performance

MKL opened at $1,816.83 on Thursday. The company has a fifty day simple moving average of $1,898.32 and a 200 day simple moving average of $1,905.73. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 9.99 and a beta of 0.65. 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 current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MKL. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Wolfe Research assumed coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus target price of $2,025.00.

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.