Aberdeen Group plc Has $10.86 Million Stock Holdings 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 boosted its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 167.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,809 shares of the insurance provider's stock after buying an additional 3,636 shares during the period. Aberdeen Group plc's holdings in Markel Group were worth $10,861,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Markel Group during the 1st quarter valued at about $115,000. GAMMA Investing LLC lifted its stake in Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after purchasing an additional 7 shares during the period. Vontobel Holding Ltd. acquired a new stake in Markel Group during the first quarter valued at approximately $372,000. Check Capital Management Inc. CA grew its stake in shares of 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 valued at $147,860,000 after purchasing an additional 1,921 shares during the period. Finally, Values Added Financial LLC raised its holdings in shares of 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 buying an additional 447 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

Markel Group Price Performance

Shares of MKL traded down $12.96 on Monday, hitting $1,979.36. The company's stock had a trading volume of 42,684 shares, compared to its average volume of 47,034. The company has a market capitalization of $25.04 billion, a PE ratio of 11.87 and a beta of 0.82. Markel Group Inc. has a fifty-two week low of $1,494.00 and a fifty-two week high of $2,075.92. The company has a 50 day moving average price of $1,976.58 and a 200 day moving average price of $1,901.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the company posted $18.62 EPS. The business's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

About Markel Group

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.