Fenimore Asset Management Inc Has $176.55 Million Stock Position in Markel Group Inc. $MKL

Fenimore Asset Management Inc increased its position in shares of Markel Group Inc. (NYSE:MKL) by 0.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,392 shares of the insurance provider’s stock after purchasing an additional 35 shares during the period. Markel Group accounts for about 3.5% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 7th largest holding. Fenimore Asset Management Inc owned 0.70% of Markel Group worth $176,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Markel Group in the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Markel Group during the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new stake in Markel Group during the second quarter worth approximately $38,000. Finally, Wayfinding Financial LLC acquired a new position in Markel Group in the first quarter worth approximately $54,000. 77.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Markel Group Price Performance

MKL opened at $1,943.85 on Monday. The firm has a market capitalization of $24.59 billion, a P/E ratio of 11.66 and a beta of 0.78. The stock has a fifty day moving average of $1,943.03 and a 200-day moving average of $1,912.64. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 12-month low of $1,521.25 and a 12-month high of $2,075.92.

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

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.