Markel Group Inc. $MKL Stock Holdings Boosted by Tributary Capital Management LLC

Tributary Capital Management LLC raised its position in shares of Markel Group Inc. (NYSE:MKL) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 875 shares of the insurance provider’s stock after purchasing an additional 33 shares during the quarter. Tributary Capital Management LLC’s holdings in Markel Group were worth $1,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Markel Group during the 1st quarter valued at $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in Markel Group by 183.3% during the 1st 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 in the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group during the 2nd quarter valued at $38,000. Finally, Wayfinding Financial LLC bought a new position in Markel Group during the 1st quarter valued at $54,000. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

NYSE MKL opened at $1,882.92 on Thursday. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. The stock’s 50-day moving average is $1,935.11 and its two-hundred day moving average is $1,918.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $23.82 billion, a P/E ratio of 11.29 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its 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 company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $18.62 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. On average, analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of research reports. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group 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.