Shelter Ins Retirement Plan Purchases Shares of 600 Markel Group Inc. $MKL

Shelter Ins Retirement Plan acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 600 shares of the insurance provider’s stock, valued at approximately $1,171,806,000. Markel Group accounts for approximately 1.2% of Shelter Ins Retirement Plan’s holdings, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Markel Group by 6.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after purchasing an additional 732 shares in the last quarter. Axxcess Wealth Management LLC increased its position in 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 purchasing an additional 679 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Markel Group by 3,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after buying an additional 24,557 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in Markel Group during the first quarter valued at approximately $4,833,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MKL. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Truist Financial cut their target price 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. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Wolfe Research began coverage on shares of Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. 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. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Price Performance

MKL stock opened at $1,790.92 on Friday. The stock’s 50 day moving average is $1,908.92 and its two-hundred day moving average is $1,922.59. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a market capitalization of $22.19 billion, a PE ratio of 9.85 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

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.