Salomon & Ludwin LLC Raises Stock Position in Markel Group Inc. $MKL

Salomon & Ludwin LLC lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 13.2% during the second quarter, HoldingsChannel.com reports. The fund owned 215 shares of the insurance provider’s stock after buying an additional 25 shares during the quarter. Salomon & Ludwin LLC’s holdings in Markel Group were worth $422,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Markel Group during the first quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC increased its holdings 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 buying an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Markel Group during the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new position in Markel Group during the second quarter valued at approximately $38,000. Finally, Wayfinding Financial LLC purchased a new position in Markel Group during the first quarter valued at approximately $54,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

NYSE MKL opened at $1,892.07 on Friday. The firm’s fifty day simple moving average is $1,937.12 and its two-hundred day simple moving average is $1,917.13. The company has a current ratio of 0.59, a quick 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. The firm has a market capitalization of $23.93 billion, a P/E ratio of 11.35 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (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 business 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 company earned $18.62 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Ratings Changes

MKL has been the topic of several research reports. Cowen reissued a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,930.50.

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.