Ethic Inc. Has $2.17 Million Stock Holdings in Markel Group Inc. $MKL

Ethic Inc. lifted its position in Markel Group Inc. (NYSE:MKL) by 11.8% during the second quarter, HoldingsChannel.com reports. The fund owned 1,091 shares of the insurance provider’s stock after purchasing an additional 115 shares during the period. Ethic Inc.’s holdings in Markel Group were worth $2,166,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MKL. Axxcess Wealth Management LLC grew its stake in shares of Markel Group by 0.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider’s stock worth $1,642,000 after acquiring an additional 6 shares in the last quarter. Baxter Bros Inc. grew its stake in shares of Markel Group by 1.0% during the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock worth $1,272,000 after acquiring an additional 6 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Markel Group by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock worth $3,507,000 after acquiring an additional 6 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of 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 in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Markel Group by 1.1% in the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider’s stock valued at $1,223,000 after buying an additional 7 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on MKL shares. Cowen reissued 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 investment 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.com, the company has an average rating of “Hold” and a consensus price target of $1,930.50.

Markel Group Trading Down 0.9%

Shares of Markel Group stock opened at $1,878.64 on Friday. The business has a fifty day simple moving average of $1,932.88 and a two-hundred day simple moving average of $1,921.62. Markel Group Inc. has a 1 year low of $1,521.25 and a 1 year high of $2,075.92. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) 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 business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $18.62 EPS. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.