Quantbot Technologies LP Invests $5.49 Million in Markel Group Inc. $MKL

Quantbot Technologies LP acquired a new stake in Markel Group Inc. (NYSE:MKL) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,809 shares of the insurance provider’s stock, valued at approximately $5,486,000.

Several other hedge funds have also modified their holdings of MKL. Fideuram Asset Management Ireland dac purchased a new position in shares of Markel Group in the 4th quarter valued at about $26,000. Reflection Asset Management acquired a new stake in Markel Group in the fourth quarter valued at approximately $26,000. Basepoint Wealth LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group during the 3rd quarter worth approximately $29,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Markel Group during the 4th quarter valued at approximately $39,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MKL shares. 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 report on Monday, August 17th. Truist Financial decreased their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Finally, Wolfe Research started coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating for the company. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2,025.00.

Markel Group Trading Up 0.2%

Shares of MKL stock opened at $1,791.88 on Friday. The stock’s fifty day moving average is $1,907.86 and its two-hundred day moving average is $1,921.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $22.20 billion, a P/E ratio of 9.85 and a beta of 0.66. Markel Group Inc. has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59.

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.