Markel Group Inc. $MKL Shares Acquired by Strategent Financial LLC

Strategent Financial LLC boosted its position in Markel Group Inc. (NYSE:MKL) by 2.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 757 shares of the insurance provider’s stock after buying an additional 20 shares during the quarter. Markel Group makes up about 1.2% of Strategent Financial LLC’s investment portfolio, making the stock its 17th largest position. Strategent Financial LLC’s holdings in Markel Group were worth $1,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKL. Brighton Jones LLC acquired a new position in shares of Markel Group during the fourth quarter worth approximately $236,000. Yousif Capital Management LLC boosted its position in Markel Group by 3.3% during the 1st quarter. Yousif Capital Management LLC now owns 283 shares of the insurance provider’s stock worth $529,000 after acquiring an additional 9 shares during the period. GAMMA Investing LLC boosted its position in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 7 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Markel Group by 1.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,292 shares of the insurance provider’s stock worth $8,024,000 after purchasing an additional 44 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Markel Group during the first quarter valued at $217,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,953.83 on Wednesday. The stock has a market cap of $24.72 billion, a PE ratio of 11.72 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $1,938.58 and a 200-day simple moving average of $1,916.53.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. The firm had revenue of $4.82 billion for 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 business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $18.62 earnings per share. On average, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MKL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,930.50.

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.