15 Highest-Priced Stocks Right Now

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8. Markel Group Inc. (NYSE:MKL)

Share Price on February 14: $1,868.01

Markel Group Inc. (NYSE:MKL) is a diverse holding company, comprising various businesses, including insurance, building supplies, houseplants, bakery equipment, and more. However, the insurance business sits at the core of the company.

The company has delivered shareholder returns of over 20,000% since its IPO in 1986, with a CAGR of 15%. The share price is up 30% since the beginning of 2023. The stock soared and surpassed the $2,000 mark for the first time this month after the company reported results for fiscal 2024 on February 5.

Net investment income increased 25% during the year. Insurance operations grew on the top and bottom lines and Markel Ventures delivered another strong year, with robust operating income. Despite a slight dip in share price in the days that followed, Markel Group Inc. (NYSE:MKL) is among the highest-priced stocks right now.

However, the management believes that the current share price does not fully reflect the intrinsic value of the company. In an update for shareholders this month, Markel Group Inc. (NYSE:MKL) stated that it would conduct a review of the business, to find ways to simplify the structure, optimize capital allocations, and maximize the value of the company. During this time, MKL will focus its capital deployment on the recently announced $2 billion share repurchase program.

According to Insider Monkey’s database for Q3 2024, 38 hedge funds held a stake in Markel Group Inc. (NYSE:MKL). Polar Capital is the largest investor in the company, with holdings valued at over $133 million, as of December 31, 2024.

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