Markel Group (MKL)

• Market cap: $20.6B
• Sector: Financials
• Industry: Fire, Marine & Casualty Insurance

About: Markel's primary business is property and casualty insurance. The company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.

Employees: 21,600

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

140% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 48

9% more funds holding

Funds holding: 732 [Q1] → 799 (+67) [Q2]

3% more funds holding in top 10

Funds holding in top 10: 32 [Q1] → 33 (+1) [Q2]

1% less capital invested

Capital invested by funds: $15.9B [Q1] → $15.7B (-$221M) [Q2]

3.89% less ownership

Funds ownership: 80.69% [Q1] → 76.8% (-3.89%) [Q2]

16% less repeat investments, than reductions

Existing positions increased: 233 | Existing positions reduced: 276

62% less call options, than puts

Call options by funds: $25.2M | Put options by funds: $67M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1,450 9% downside
• Avg. target: $1,525 4% downside
• High target: $1,600 0% upside

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

Jefferies Andrew Andersen 100% 1-year accuracy 2 / 2 met price target	0% upside $1,600	Hold Maintained	9 Oct 2024
Citigroup Charlie Lederer 33% 1-year accuracy 1 / 3 met price target	9% downside $1,450	Sell Maintained	23 Jul 2024