Markel Group Inc. $MKL Stock Bought by Aberdeen Group plc

Aberdeen Group plc lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 1,592.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 120,384 shares of the insurance provider’s stock after purchasing an additional 113,273 shares during the quarter. Aberdeen Group plc’s holdings in Markel Group were worth $206,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. JANA Partners Management LP boosted its position in Markel Group by 1.9% during the second quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider’s stock worth $149,880,000 after purchasing an additional 1,436 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Markel Group by 18.4% in the second quarter. Hsbc Holdings PLC now owns 33,966 shares of the insurance provider’s stock valued at $66,423,000 after purchasing an additional 5,269 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Markel Group in the second quarter valued at $68,051,000. The Manufacturers Life Insurance Company bought a new position in shares of Markel Group in the second quarter valued at about $2,340,000. Finally, Man Group plc bought a new position in shares of Markel Group in the second quarter valued at about $3,312,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. DOWLING & PARTN initiated coverage on shares of Markel Group in a research note on Wednesday, November 4th. They issued a “hold” rating on the stock. Finally, Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2,025.00.

Markel Group Stock Up 0.8%

MKL stock opened at $1,977.51 on Friday. Markel Group Inc. has a fifty-two week low of $1,704.17 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 17.73 and a beta of 0.60. The business’s fifty day moving average price is $1,825.54 and its two-hundred day moving average price is $1,894.14.

About Markel Group

Markel Group Inc. is a diversified financial holding company best known for its specialty insurance and reinsurance operations. Through its insurance businesses, the company provides coverage for commercial and individual risks that may require specialized underwriting, serving customers in the United States and international markets. Founded in 1930 by Sam Markel, the company has expanded beyond insurance. Its Markel Ventures division owns and operates businesses across a range of industries, while its investment activities support the group’s broader operations.