Markel Group Inc. $MKL Holdings Boosted by JANA Partners Management LP

JANA Partners Management LP boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,743 shares of the insurance provider’s stock after buying an additional 1,436 shares during the period. Markel Group accounts for 7.9% of JANA Partners Management LP’s investment portfolio, making the stock its 6th largest position. JANA Partners Management LP’s holdings in Markel Group were worth $149,880,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Markel Group in the 2nd quarter worth $1,362,880,000. Select Equity Group L.P. boosted its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after acquiring an additional 145,146 shares during the last quarter. State Street Corp boosted its position in shares of Markel Group by 2.1% during the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock valued at $581,818,000 after acquiring an additional 6,160 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Markel Group by 13.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after purchasing an additional 23,631 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Markel Group by 5.9% in the third quarter. Bank of America Corp DE now owns 153,099 shares of the insurance provider’s stock valued at $292,627,000 after purchasing an additional 8,539 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Up 1.6%

Shares of MKL stock opened at $1,845.86 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $22.87 billion, a PE ratio of 10.15 and a beta of 0.65. The company has a 50-day moving average of $1,897.54 and a two-hundred day moving average of $1,904.22. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note 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, August 17th. Finally, Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus price target 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.