Shelter Mutual Insurance Co Takes Position in Markel Group Inc. $MKL

Shelter Mutual Insurance Co acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,200 shares of the insurance provider’s stock, valued at approximately $2,344,000.

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

Markel Group Trading Up 0.2%

Shares of MKL stock opened at $1,791.88 on Friday. The stock’s 50-day moving average price is $1,907.86 and its 200-day moving average price is $1,921.68. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of 9.85 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. 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 equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus price target 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.