Denali Advisors LLC Makes New Investment in Markel Group Inc. $MKL

Denali Advisors LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 141 shares of the insurance provider’s stock, valued at approximately $282,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Markel Group in the fourth quarter valued at about $236,000. GAMMA Investing LLC raised its holdings 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 purchasing an additional 7 shares during the last quarter. PFG Investments LLC bought a new position in Markel Group during the 1st quarter worth approximately $206,000. Oppenheimer & Co. Inc. raised its holdings in Markel Group by 9.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,018 shares of the insurance provider’s stock worth $1,903,000 after purchasing an additional 91 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Markel Group by 1.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 5,091 shares of the insurance provider’s stock valued at $9,518,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.4%

Shares of MKL opened at $1,894.12 on Friday. The business’s 50-day moving average price is $1,933.88 and its 200-day moving average price is $1,920.19. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The stock has a market cap of $23.96 billion, a PE ratio of 11.36 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 announced 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 analysts’ expectations of $3.96 billion. During the same period in the prior year, the business posted $18.62 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. On average, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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