Baillie Gifford & Co. Sells 8,449 Shares of Markel Group Inc. $MKL

Key Points

• Baillie Gifford trimmed its Markel stake by 4.3%, selling 8,449 shares and retaining 188,437 shares — roughly a 1.49% holding valued at about $405.1 million.
• The Wall Street consensus is a "Hold" with an average target of $2,100; analyst views are mixed (two Buys, four Holds) with recent notes including Truist raising its target and Wall Street Zen upgrading to Buy.
• Markel (MKL) trades near $1,923 with a market cap of $24.13B and a P/E of 11.33; institutional ownership is high at 77.12%, insiders hold 1.66%, and CEO Simon Wilson recently sold 100 shares.

Baillie Gifford & Co. reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,437 shares of the insurance provider's stock after selling 8,449 shares during the quarter. Baillie Gifford & Co. owned about 1.49% of Markel Group worth $405,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Diversify Advisory Services LLC raised its stake in Markel Group by 4.5% in the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider's stock valued at $239,000 after purchasing an additional 5 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Markel Group by 5.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 120 shares of the insurance provider's stock valued at $229,000 after purchasing an additional 6 shares in the last quarter. Hemington Wealth Management raised its stake in shares of Markel Group by 35.3% during the third quarter. Hemington Wealth Management now owns 23 shares of the insurance provider's stock worth $43,000 after acquiring an additional 6 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Markel Group by 0.9% during the third quarter. Resonant Capital Advisors LLC now owns 688 shares of the insurance provider's stock worth $1,315,000 after acquiring an additional 6 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Markel Group by 31.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 29 shares of the insurance provider's stock worth $55,000 after acquiring an additional 7 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research reports. Truist Financial lifted their price target on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a "hold" rating in a research note on Friday, February 6th. Brean Capital initiated coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 price target on the stock. Wall Street Zen raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Zacks Research downgraded shares of Markel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Markel Group in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $2,100.00.

Markel Group Trading Down 0.1%

NYSE:MKL opened at $1,923.49 on Monday. The company has a fifty day moving average of $1,990.82 and a 200 day moving average of $2,020.39. Markel Group Inc. has a 52 week low of $1,698.99 and a 52 week high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $24.13 billion, a P/E ratio of 11.33 and a beta of 0.79.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 100 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer owned 2,397 shares of the company's stock, valued at $4,984,513.56. This represents a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is owned by insiders.

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.

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