Dimensional Fund Advisors LP Has $127.92 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Dimensional Fund Advisors LP boosted its stake in Markel Group Inc. (NYSE:MKL) by 2.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 92,485 shares of the insurance provider’s stock after buying an additional 2,500 shares during the period. Dimensional Fund Advisors LP owned approximately 0.70% of Markel Group worth $127,917,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in shares of Markel Group during the 1st quarter worth approximately $148,000. American Century Companies Inc. boosted its position in shares of Markel Group by 11.9% during the 1st quarter. American Century Companies Inc. now owns 628 shares of the insurance provider’s stock worth $926,000 after acquiring an additional 67 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Markel Group during the 1st quarter worth approximately $549,000. Rhumbline Advisers boosted its position in shares of Markel Group by 2.7% during the 1st quarter. Rhumbline Advisers now owns 11,913 shares of the insurance provider’s stock worth $17,575,000 after acquiring an additional 308 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Markel Group by 4.7% during the 1st quarter. Yousif Capital Management LLC now owns 332 shares of the insurance provider’s stock worth $490,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 76.96% of the company’s stock.

Insider Activity

In other Markel Group news, Director Lawrence A. Cunningham purchased 21 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $1,320.81 per share, with a total value of $27,737.01. Following the completion of the purchase, the director now owns 504 shares of the company’s stock, valued at $665,688.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Lawrence A. Cunningham bought 21 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $1,320.81 per share, with a total value of $27,737.01. Following the completion of the purchase, the director now directly owns 504 shares of the company’s stock, valued at $665,688.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Lynne Puckett bought 76 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $1,321.47 per share, with a total value of $100,431.72. Following the purchase, the director now directly owns 1,320 shares of the company’s stock, valued at $1,744,340.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 222 shares of company stock valued at $295,861 and sold 1,048 shares valued at $1,544,641. Insiders own 1.75% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Markel Group in a research note on Thursday, September 7th. They issued a “buy” rating and a $1,750.00 price objective for the company. Royal Bank of Canada dropped their price objective on shares of Markel Group from $1,650.00 to $1,425.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Truist Financial dropped their price objective on shares of Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,531.25.

Markel Group Price Performance

MKL stock opened at $1,410.50 on Tuesday. The company has a fifty day moving average price of $1,453.41 and a 200-day moving average price of $1,420.57. The company has a market capitalization of $18.65 billion, a P/E ratio of 10.11 and a beta of 0.75. Markel Group Inc. has a 52-week low of $1,186.56 and a 52-week high of $1,560.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Markel Group Profile

Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. 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.