Quilter Plc Raises Position in Markel Group Inc. $MKL

Quilter Plc lifted its holdings in Markel Group Inc. (NYSE:MKL) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,219 shares of the insurance provider’s stock after purchasing an additional 465 shares during the quarter. Quilter Plc owned about 0.27% of Markel Group worth $68,348,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Baxter Bros Inc. increased its holdings in shares of Markel Group by 1.0% during the second quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock valued at $1,272,000 after acquiring an additional 6 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Markel Group by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock valued at $3,507,000 after buying an additional 6 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Markel Group by 4.7% in the second quarter. Flagship Harbor Advisors LLC now owns 135 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 6 shares during the period. Fidelis Capital Partners LLC boosted its position in Markel Group by 3.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 180 shares of the insurance provider’s stock worth $352,000 after purchasing an additional 6 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Markel Group by 1.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 347 shares of the insurance provider’s stock worth $692,000 after purchasing an additional 6 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research note on Tuesday, November 11th. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Stock Performance

MKL opened at $2,042.80 on Thursday. The firm’s fifty day simple moving average is $1,949.36 and its two-hundred day simple moving average is $1,949.96. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,109.91. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 12.79 and a beta of 0.77. 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 released its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. Equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.