West Family Investments Inc. Takes $728,000 Position in Markel Group Inc. $MKL

West Family Investments Inc. bought a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 373 shares of the insurance provider’s stock, valued at approximately $728,000.

Other institutional investors have also added to or reduced their stakes in the company. Nykredit A S purchased a new stake in shares of Markel Group during the 2nd quarter worth approximately $8,412,000. California State Teachers Retirement System increased its position in Markel Group by 194,510.4% in the second quarter. California State Teachers Retirement System now owns 35,222,535 shares of the insurance provider’s stock worth $68,789,963,000 after purchasing an additional 35,204,436 shares during the last quarter. Guardian Wealth Advisors LLC NC raised its stake in Markel Group by 11.4% during the second quarter. Guardian Wealth Advisors LLC NC now owns 302 shares of the insurance provider’s stock valued at $590,000 after purchasing an additional 31 shares in the last quarter. Wedmont Private Capital raised its stake in Markel Group by 13.7% during the second quarter. Wedmont Private Capital now owns 133 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 16 shares in the last quarter. Finally, Saudi Central Bank lifted its position in Markel Group by 88.8% during the second quarter. Saudi Central Bank now owns 878 shares of the insurance provider’s stock valued at $1,715,000 after purchasing an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 2.2%

Shares of MKL stock traded down $40.42 on Tuesday, hitting $1,786.30. The stock had a trading volume of 57,920 shares, compared to its average volume of 63,056. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The business has a 50 day moving average price of $1,893.22 and a 200 day moving average price of $1,900.77. The company has a market cap of $22.13 billion, a PE ratio of 9.82 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.

Analysts Set New Price Targets

MKL has been the topic of several recent research reports. Wolfe Research started coverage on Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. 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 investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2,025.00.

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.