Womack Financial LLC Invests $3.86 Million in Markel Group Inc. $MKL

Womack Financial LLC bought a new stake in Markel Group Inc. (NYSE:MKL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,978 shares of the insurance provider’s stock, valued at approximately $3,863,000. Markel Group makes up approximately 2.6% of Womack Financial LLC’s holdings, making the stock its 8th biggest position.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Markel Group during the second quarter valued at $1,362,880,000. Norges Bank purchased a new position in Markel Group in the 4th quarter valued at about $317,583,000. Select Equity Group L.P. boosted its stake in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Asset Management L.P. acquired a new stake in shares of Markel Group during the 2nd quarter worth about $179,882,000. Finally, Davis Selected Advisers grew its holdings in shares of Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Truist Financial lowered their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. One 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2,025.00.

Markel Group Trading Up 1.2%

Shares of MKL opened at $1,817.76 on Tuesday. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The firm has a market capitalization of $22.52 billion, a P/E ratio of 10.00 and a beta of 0.66. 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 stock’s fifty day simple moving average is $1,907.04 and its 200 day simple moving average is $1,919.36.

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.