Markel Group Inc. $MKL Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Markel Group stake by 1,592.9% in the third quarter, adding 113,273 shares to own 120,384 shares valued at about $206.2 million.
• Institutional investors own 77.12% of Markel shares; other notable investors, including BlackRock and Bank of America, also acquired stakes.
• Analyst sentiment is cautious: five analysts rate the stock Hold and one Sell, giving it a consensus “Reduce” rating and an average price target of $2,025.

Aberdeen Group plc grew its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1,592.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,384 shares of the insurance provider's stock after purchasing an additional 113,273 shares during the period. Aberdeen Group plc owned 0.98% of Markel Group worth $206,152,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Markel Group in the second quarter valued at approximately $1,362,880,000. Dimensional Fund Advisors LP lifted its position in shares of Markel Group by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider's stock worth $262,172,000 after buying an additional 6,428 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Markel Group during the 2nd quarter worth about $231,608,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Markel Group by 2.5% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 94,927 shares of the insurance provider's stock valued at $163,122,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Davis Asset Management L.P. acquired a new stake in shares of Markel Group during the 2nd quarter valued at about $179,882,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MKL shares. DOWLING & PARTN began coverage on shares of Markel Group in a research note on Wednesday, November 4th. They issued a "hold" rating for the company. Weiss Ratings lowered Markel Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $2,025.00.

Markel Group Stock Performance

MKL opened at $1,977.51 on Friday. Markel Group Inc. has a 52-week low of $1,704.17 and a 52-week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.66 and a current ratio of 0.66. The business's 50-day simple moving average is $1,825.54 and its 200 day simple moving average is $1,894.14. The firm has a market capitalization of $24.18 billion, a PE ratio of 17.73 and a beta of 0.60.

Markel Group Profile

Markel Group Inc. is a diversified financial holding company best known for its specialty insurance and reinsurance operations. Through its insurance businesses, the company provides coverage for commercial and individual risks that may require specialized underwriting, serving customers in the United States and international markets. Founded in 1930 by Sam Markel, the company has expanded beyond insurance. Its Markel Ventures division owns and operates businesses across a range of industries, while its investment activities support the group's broader operations.

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