Wellington Management Group LLP Trims Stock Position in Markel Group Inc. $MKL

Wellington Management Group LLP lessened its stake in Markel Group Inc. (NYSE:MKL) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 102,408 shares of the insurance provider’s stock after selling 4,265 shares during the quarter. Wellington Management Group LLP’s holdings in Markel Group were worth $200,004,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MKL. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group during the fourth quarter worth about $26,000. Reflection Asset Management acquired a new position in Markel Group in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Markel Group in the 3rd quarter worth approximately $29,000. Pin Oak Investment Advisors Inc. purchased a new stake in Markel Group in the 2nd quarter worth approximately $31,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MKL shares. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report 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. Finally, Wolfe Research assumed coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Markel Group has a consensus rating of “Hold” and an average price target of $2,025.00.

Markel Group Stock Performance

NYSE:MKL opened at $1,805.47 on Tuesday. The company’s 50-day moving average is $1,901.90 and its two-hundred day moving average is $1,909.75. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 9.93 and a beta of 0.66.

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.