Markel Group Inc. $MKL Position Increased by Barrett & Company Inc.

Barrett & Company Inc. raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 166.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32 shares of the insurance provider’s stock after purchasing an additional 20 shares during the period. Barrett & Company Inc.’s holdings in Markel Group were worth $64,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Markel Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock valued at $2,165,962,000 after acquiring an additional 7,914 shares during the period. Davis Selected Advisers boosted its holdings in shares of Markel Group by 0.3% during the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock valued at $694,502,000 after acquiring an additional 947 shares during the period. Select Equity Group L.P. acquired a new position in shares of Markel Group during the first quarter valued at $357,512,000. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 20.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock valued at $273,105,000 after acquiring an additional 24,487 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Markel Group by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider’s stock valued at $222,177,000 after acquiring an additional 2,187 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,943.85 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $1,943.03 and its two-hundred day moving average price is $1,911.77. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. The stock has a market cap of $24.59 billion, a PE ratio of 11.66 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the business earned $18.62 earnings per share. Markel Group’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,820.33.

About Markel Group

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.