Allspring Global Investments Holdings LLC Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Allspring Global Investments Holdings LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 23.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,619 shares of the insurance provider's stock after purchasing an additional 500 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Markel Group were worth $4,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empirical Asset Management LLC acquired a new stake in shares of Markel Group during the fourth quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider's stock worth $23,366,000 after purchasing an additional 14,507 shares during the period. Assenagon Asset Management S.A. increased its holdings in Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider's stock valued at $38,687,000 after purchasing an additional 14,022 shares during the last quarter. State Street Corp raised its position in Markel Group by 4.2% in 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 period. Finally, International Assets Investment Management LLC lifted its stake in Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock worth $17,223,000 after purchasing an additional 10,973 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were acquired 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 directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MKL. Royal Bank of Canada raised their target price 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. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1,685.17.

Markel Group Stock Performance

Shares of MKL stock traded down $16.16 during trading hours on Friday, reaching $1,837.64. 62,542 shares of the company's stock were exchanged, compared to its average volume of 74,225. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company's 50 day moving average is $1,791.50 and its two-hundred day moving average is $1,670.99. The company has a market cap of $23.63 billion, a P/E ratio of 9.23 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

About Markel Group

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.