Blue Edge Capital LLC Takes $3.90 Million Position in Markel Group Inc. $MKL

Blue Edge Capital LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, HoldingsChannel.com reports. The firm bought 1,997 shares of the insurance provider’s stock, valued at approximately $3,900,000.

Several other large investors have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Markel Group by 6.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock valued at $26,595,000 after buying an additional 732 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Markel Group during the second quarter valued at about $68,051,000. Axxcess Wealth Management LLC lifted its stake in shares of Markel Group by 77.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after buying an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.6%

Shares of MKL stock opened at $1,804.99 on Friday. Markel Group Inc. has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The firm has a 50-day moving average price of $1,903.61 and a 200 day moving average price of $1,913.61. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $22.36 billion, a P/E ratio of 9.93 and a beta of 0.66.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Truist Financial decreased their price objective 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. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. One 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 company. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average 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.