Allspring Global Investments Holdings LLC Acquires 500 Shares of Markel Group Inc. (NYSE:MKL)

Allspring Global Investments Holdings LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,619 shares of the insurance provider’s stock after acquiring an additional 500 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Markel Group were worth $4,498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Empirical Asset Management LLC bought a new position in shares of Markel Group during the 4th quarter valued at approximately $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after purchasing an additional 14,507 shares during the period. Assenagon Asset Management S.A. grew its holdings in Markel Group by 167.1% during the fourth 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 period. State Street Corp increased 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 worth $516,391,000 after buying an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.1 %

Shares of NYSE MKL opened at $1,855.37 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $23.86 billion, a P/E ratio of 9.32 and a beta of 0.78. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The business has a 50-day simple moving average of $1,791.50 and a two-hundred day simple moving average of $1,670.99.

Markel Group (NYSE:MKL) last released 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%. Research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada increased their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research 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 company presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.71% of the company’s stock.

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.