Baillie Gifford & Co. Cuts Stock Holdings in Markel Group Inc. (NYSE:MKL)

Baillie Gifford & Co. trimmed its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 290,056 shares of the insurance provider's stock after selling 12,625 shares during the quarter. Baillie Gifford & Co. owned approximately 2.19% of Markel Group worth $411,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC lifted its stake in shares of Markel Group by 72.7% during the 2nd quarter. Asset Dedication LLC now owns 19 shares of the insurance provider's stock valued at $26,000 after buying an additional 8 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Markel Group by 150.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider's stock valued at $29,000 after buying an additional 12 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock valued at $31,000 after buying an additional 12 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Markel Group during the 2nd quarter valued at approximately $39,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Markel Group during the 1st quarter valued at approximately $41,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MKL shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $1,475.00 target price on shares of Markel Group in a report on Friday, February 2nd. Janney Montgomery Scott reaffirmed a "neutral" rating and set a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. Finally, Jefferies Financial Group lowered shares of Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Markel Group presently has an average rating of "Hold" and a consensus target price of $1,450.00.

Markel Group Price Performance

Shares of NYSE:MKL traded down $17.12 during trading on Tuesday, reaching $1,491.20. The company had a trading volume of 41,292 shares, compared to its average volume of 49,572. The company has a fifty day moving average of $1,481.15 and a two-hundred day moving average of $1,447.31. The stock has a market capitalization of $19.44 billion, a P/E ratio of 10.15 and a beta of 0.70. Markel Group Inc. has a 12 month low of $1,272.43 and a 12 month high of $1,560.00. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping analysts' consensus estimates of $23.58 by $32.90. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. Equities research analysts forecast that Markel Group Inc. will post 82.15 earnings per share for the current year.

Insider Transactions at Markel Group

In other Markel Group news, Director A. Lynne Puckett bought 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the acquisition, the director now owns 960 shares in the company, valued at $1,352,908.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Markel Group news, Director A. Lynne Puckett bought 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the acquisition, the director now owns 960 shares in the company, valued at $1,352,908.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the acquisition, the chief executive officer now owns 45,039 shares in the company, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. Insiders own 1.75% of the company's stock.

Markel Group Company 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.