Westpac Banking Corp Purchases New Holdings in Markel Group Inc. $MKL

Westpac Banking Corp acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,968 shares of the insurance provider’s stock, valued at approximately $3,844,000.

A number of other hedge funds have also recently bought and sold shares of MKL. Fideuram Asset Management Ireland dac acquired a new position in shares of Markel Group during the fourth quarter valued at $26,000. Reflection Asset Management acquired a new stake in Markel Group in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Markel Group during the 3rd quarter valued at about $29,000. Basepoint Wealth LLC acquired a new position in Markel Group during the 4th quarter valued at about $32,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Markel Group in the 4th quarter valued at about $39,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

NYSE MKL opened at $1,791.88 on Friday. 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 stock has a market cap of $22.20 billion, a price-to-earnings ratio of 9.85 and a beta of 0.66. The business has a 50 day simple moving average of $1,907.86 and a 200 day simple moving average of $1,921.68. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59.

Analyst Ratings Changes

MKL has been the subject of a number of recent research reports. Wolfe Research assumed coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set 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. Truist Financial dropped their target price 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. Finally, Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note 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, Markel Group has a consensus rating of “Hold” and an average target price of $2,025.00.

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.