Markel Group Inc. (NYSE:MKL) Shares Acquired by abrdn plc

abrdn plc increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 97.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,508 shares of the insurance provider's stock after purchasing an additional 2,226 shares during the period. abrdn plc's holdings in Markel Group were worth $6,401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cooke & Bieler LP boosted its stake in shares of Markel Group by 14.9% during the fourth quarter. Cooke & Bieler LP now owns 61,750 shares of the insurance provider's stock valued at $87,679,000 after purchasing an additional 7,988 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Markel Group by 42.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 203 shares of the insurance provider's stock valued at $288,000 after acquiring an additional 60 shares in the last quarter. Check Capital Management Inc. CA boosted its stake in Markel Group by 5.1% in the fourth quarter. Check Capital Management Inc. CA now owns 76,064 shares of the insurance provider's stock valued at $108,003,000 after acquiring an additional 3,683 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in Markel Group in the fourth quarter valued at approximately $2,614,000. Finally, Lafayette Investments Inc. boosted its stake in Markel Group by 1.7% in the fourth quarter. Lafayette Investments Inc. now owns 20,391 shares of the insurance provider's stock valued at $28,953,000 after acquiring an additional 346 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $1,475.00 target price on shares of Markel Group in a research note on Friday, February 2nd. Janney Montgomery Scott restated a "neutral" rating and issued a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. Finally, Jefferies Financial Group cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,450.00.

Markel Group Stock Performance

Shares of NYSE MKL traded down $14.43 during midday trading on Friday, reaching $1,436.52. The company had a trading volume of 33,777 shares, compared to its average volume of 37,614. The business's 50-day simple moving average is $1,483.67 and its 200 day simple moving average is $1,444.36. The stock has a market cap of $18.73 billion, a P/E ratio of 9.77 and a beta of 0.70. Markel Group Inc. has a 1 year low of $1,272.43 and a 1 year 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 posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.75 billion. On average, analysts forecast that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Insider Buying and Selling

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 stock was purchased at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Lynne Puckett purchased 72 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the transaction, the director now owns 960 shares of the company's stock, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is currently owned by corporate insiders.

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.