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

Allspring Global Investments Holdings LLC lifted its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 136.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,119 shares of the insurance provider's stock after acquiring an additional 1,223 shares during the period. Allspring Global Investments Holdings LLC's holdings in Markel Group were worth $3,324,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider's stock worth $15,574,000 after purchasing an additional 558 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Markel Group by 2.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider's stock valued at $48,412,000 after acquiring an additional 888 shares during the period. Solitude Financial Services purchased a new position in shares of Markel Group during the second quarter worth approximately $1,182,000. Sei Investments Co. raised its position in Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider's stock valued at $6,554,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Markel Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider's stock worth $12,684,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Insider Activity at Markel Group

In other news, Director Lawrence A. Cunningham purchased 20 shares of the business's stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the purchase, the director now directly owns 743 shares of the company's stock, valued at $1,123,787.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MKL has been the subject of a number of research reports. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Monday, October 7th. TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price objective for the company. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group upped their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,643.50.

Markel Group Price Performance

Shares of Markel Group stock traded up $0.45 during trading on Tuesday, reaching $1,564.45. The company's stock had a trading volume of 89,329 shares, compared to its average volume of 42,096. The business has a 50 day moving average price of $1,568.39 and a 200-day moving average price of $1,565.71. The company has a market capitalization of $20.34 billion, a P/E ratio of 8.45 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 91.55 EPS for the current year.

Markel Group 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.