Giverny Capital Inc. Has $60.30 Million Stake in Markel Group Inc. $MKL

Giverny Capital Inc. lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 28.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,877 shares of the insurance provider’s stock after selling 12,067 shares during the period. Markel Group accounts for about 2.0% of Giverny Capital Inc.’s portfolio, making the stock its 20th largest position. Giverny Capital Inc.’s holdings in Markel Group were worth $60,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its position 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 buying an additional 11,439 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Markel Group in the second quarter worth approximately $68,051,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Markel Group by 6.2% in 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 acquiring an additional 732 shares during the period. Quantbot Technologies LP bought a new stake in shares of Markel Group during the second quarter valued at approximately $5,486,000. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Markel Group by 77.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock valued at $3,336,000 after acquiring an additional 679 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MKL shares. Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. 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. Finally, Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,828.12 on Monday. The company has a market capitalization of $22.65 billion, a PE ratio of 10.05 and a beta of 0.65. 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 stock’s 50 day moving average price is $1,895.75 and its 200-day moving average price is $1,902.58. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

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.