abrdn plc Has $3.75 Million Stake in Markel Group Inc. (NYSE:MKL)

abrdn plc lowered its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 18.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173 shares of the insurance provider's stock after selling 498 shares during the quarter. abrdn plc's holdings in Markel Group were worth $3,749,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MKL. State Street Corp grew its stake in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Geode Capital Management LLC boosted its position in Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after buying an additional 10,254 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Markel Group by 9.9% during the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider's stock valued at $135,915,000 after acquiring an additional 7,102 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after acquiring an additional 766 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider's stock worth $72,490,000 after purchasing an additional 133 shares during the period. 77.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MKL. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada lifted their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1,685.17.

Insiders Place Their Bets

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the business's stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.71% of the company's stock.

Markel Group Stock Performance

Markel Group stock traded down $3.24 during trading hours on Thursday, hitting $1,896.18. The company had a trading volume of 78,835 shares, compared to its average volume of 75,267. The firm has a market cap of $24.38 billion, a PE ratio of 9.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The firm has a 50-day moving average of $1,777.65 and a 200 day moving average of $1,660.43.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, sell-side analysts expect that Markel Group Inc. will post 97.92 earnings per share for the current year.

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.