Aberdeen Group plc Increases Stock Position in Markel Group Inc. $MKL

Key Points

• Aberdeen Group plc significantly increased its stake in Markel Group Inc. by 167.3%, now holding 5,809 shares valued at approximately $10.86 million.
• Markel Group reported a robust quarterly earnings performance, with an EPS of $25.46, surpassing analysts' expectations, and a revenue increase of 24.3% year-over-year.
• Analysts have mixed sentiments about Markel Group, with a consensus rating of "Hold" and an updated price target of $1,820.33.

Aberdeen Group plc lifted its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 167.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,809 shares of the insurance provider's stock after purchasing an additional 3,636 shares during the period. Aberdeen Group plc's holdings in Markel Group were worth $10,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in Markel Group in the first quarter worth about $115,000. GAMMA Investing LLC increased its position in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after buying an additional 7 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Markel Group in the first quarter valued at $372,000. Check Capital Management Inc. CA increased its holdings in Markel Group by 2.5% in the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock worth $147,860,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC increased its holdings in Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after acquiring an additional 447 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1,820.33.

Markel Group Price Performance

NYSE MKL traded up $24.1730 on Friday, reaching $1,993.5630. 37,991 shares of the company's stock traded hands, compared to its average volume of 46,921. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $25.22 billion, a PE ratio of 11.96 and a beta of 0.82. The stock has a 50-day simple moving average of $1,976.11 and a 200 day simple moving average of $1,902.16. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter last year, the business earned $18.62 earnings per share. The business's revenue was up 24.3% on a year-over-year basis. As a group, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Markel Group Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.