Elevation Point Wealth Partners LLC Purchases Shares of 338 Markel Group Inc. $MKL

Elevation Point Wealth Partners LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 338 shares of the insurance provider’s stock, valued at approximately $660,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Markel Group during the second quarter valued at approximately $1,362,880,000. Davis Selected Advisers boosted its stake in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares during the last quarter. Select Equity Group L.P. grew 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 period. State Street Corp increased its stake in shares of Markel Group by 2.1% in the 3rd quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after purchasing an additional 6,160 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Trading Up 1.2%

MKL stock opened at $1,817.76 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. 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 cap of $22.52 billion, a price-to-earnings ratio of 10.00 and a beta of 0.66. The business’s 50-day moving average is $1,907.04 and its 200 day moving average is $1,919.36.

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.