Dimensional Fund Advisors LP Raises Holdings in Markel Group Inc. (NYSE:MKL) (2024)

Dimensional Fund Advisors LP grew its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,339 shares of the insurance provider's stock after purchasing an additional 6,700 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.76% of Markel Group worth $142,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MKL. International Assets Investment Management LLC purchased a new stake in Markel Group in the fourth quarter valued at approximately $18,145,000. Pinnacle Associates Ltd. boosted its stake in Markel Group by 7.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider's stock worth $25,070,000 after purchasing an additional 1,167 shares during the period. Chicago Capital LLC purchased a new position in Markel Group during the 4th quarter worth $3,313,000. Allspring Global Investments Holdings LLC increased its stake in Markel Group by 616.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider's stock valued at $5,991,000 after purchasing an additional 3,630 shares during the period. Finally, Lathrop Investment Management Corp raised its holdings in shares of Markel Group by 11.7% in the fourth quarter. Lathrop Investment Management Corp now owns 7,776 shares of the insurance provider's stock valued at $11,041,000 after buying an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MKL shares. Jefferies Financial Group cut shares of Markel Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Truist Financial raised their price target on Markel Group from $1,400.00 to $1,600.00 and gave the company a "hold" rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a "sector perform" rating in a report on Friday, May 3rd. Finally, Janney Montgomery Scott reissued a "neutral" rating and issued a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Markel Group has an average rating of "Hold" and a consensus target price of $1,520.00.

View Our Latest Research Report on MKL

Markel Group Trading Up 0.6 %

Shares of NYSE:MKL traded up $10.63 during midday trading on Friday, reaching $1,663.21. The company's stock had a trading volume of 23,691 shares, compared to its average volume of 42,892. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 8.98 and a beta of 0.69. The business has a 50 day moving average price of $1,518.25 and a 200 day moving average price of $1,457.28. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25.

About Markel Group

(Free Report)

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.

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