Aberdeen Group plc Decreases Stake in Markel Group Inc. $MKL

Aberdeen Group plc decreased its position in Markel Group Inc. (NYSE:MKL) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,760 shares of the insurance provider’s stock after selling 375 shares during the quarter. Aberdeen Group plc’s holdings in Markel Group were worth $10,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Markel Group by 172.8% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock worth $3,217,000 after acquiring an additional 1,066 shares during the period. Principal Financial Group Inc. lifted its position in shares of Markel Group by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after purchasing an additional 9,496 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Markel Group during the third quarter valued at approximately $2,104,000. Osaic Holdings Inc. raised its stake in Markel Group by 121.2% in the second quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock worth $5,705,000 after buying an additional 1,563 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in Markel Group during the third quarter worth $46,738,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of NYSE:MKL opened at $2,064.92 on Friday. The firm’s 50 day moving average is $2,103.83 and its two-hundred day moving average is $2,015.08. The firm has a market capitalization of $26.04 billion, a P/E ratio of 12.16 and a beta of 0.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial upped their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2,100.00.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 1,330 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Simon Wilson sold 75 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,575 shares of company stock valued at $3,330,900 in the last quarter. 1.66% of the stock is currently owned by insiders.

About Markel Group

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.