Markel Group Inc. $MKL Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE lowered its position in Markel Group Inc. (NYSE:MKL) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 1,053 shares of the insurance provider’s stock after selling 7 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in Markel Group were worth $2,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Markel Group by 0.7% in 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 buying an additional 7,914 shares during the last quarter. Davis Selected Advisers grew its stake in Markel Group by 0.3% during the 1st 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 in the last quarter. DAVENPORT & Co LLC raised its holdings in Markel Group by 0.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock valued at $408,364,000 after acquiring an additional 1,383 shares during the last quarter. Select Equity Group L.P. purchased a new position in Markel Group in the 1st quarter worth approximately $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock worth $273,105,000 after purchasing an additional 24,487 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MKL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Price Performance

NYSE:MKL opened at $1,920.98 on Friday. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. The stock’s fifty day moving average is $1,938.63 and its two-hundred day moving average is $1,915.42. The company has a market capitalization of $24.30 billion, a P/E ratio of 11.52 and a beta of 0.78. 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 (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the company earned $18.62 EPS. Equities analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Markel Group Company Profile

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.