Markel Group Inc. $MKL is Mraz Amerine & Associates Inc.’s 6th Largest Position

Mraz Amerine & Associates Inc. increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,610 shares of the insurance provider’s stock after purchasing an additional 473 shares during the period. Markel Group makes up 5.3% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 6th largest holding. Mraz Amerine & Associates Inc.’s holdings in Markel Group were worth $38,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Markel Group by 13.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after acquiring an additional 11,439 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Markel Group in the 2nd quarter valued at approximately $68,051,000. Quantbot Technologies LP acquired a new position in Markel Group during the 2nd quarter worth approximately $5,486,000. Axxcess Wealth Management LLC raised its stake in shares of Markel Group by 77.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after buying an additional 679 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Markel Group in the 2nd quarter valued at approximately $2,340,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the subject of several research analyst reports. Weiss Ratings upgraded Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wolfe Research began coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Price Performance

Shares of NYSE:MKL traded down $40.42 during midday trading on Tuesday, hitting $1,786.30. 57,920 shares of the stock were exchanged, compared to its average volume of 63,056. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $1,893.22 and a 200-day moving average price of $1,900.77. The stock has a market cap of $22.13 billion, a P/E ratio of 9.82 and a beta of 0.65.

Markel Group Company 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.