Markel Group (MKL)

• Market cap: $22.8B
• 1 day: 0.28%
• 5 days: 7.59%
• 1 month: 3.74%
• 3 months: 11.29%
• 6 months: 9.50%
• Year to date: 3.30%
• 1 year: 24.80%
• 5 years: 48.74%
• 10 years: 161.12%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

24% more repeat investments, than reductions

Existing positions increased: 297 | Existing positions reduced: 239

2% less call options, than puts

Call options by funds: $31.4M | Put options by funds: $32M

3% less funds holding

Funds holding: 800 [Q2] → 777 (-23) [Q3]

5.92% less ownership

Funds ownership: 80.92% [Q2] → 74.99% (-5.92%) [Q3]

6% less funds holding in top 10

Funds holding in top 10: 33 [Q2] → 31 (-2) [Q3]

9% less capital invested

Capital invested by funds: $16.6B [Q2] → $15B (-$1.53B) [Q3]

13% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 79

Research analyst outlook

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

• Low target: $1,675 6% downside
• Avg. target: $1,756 1% downside
• High target: $1,836 3% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

TD Cowen Andrew Kligerman 60% 1-year accuracy 6 / 10 met price target	3% upside $1,836	Hold Downgraded	2 Dec 2024
RBC Capital Scott Heleniak 79% 1-year accuracy 42 / 53 met price target	6% downside $1,675	Sector Perform Maintained	1 Nov 2024