MBL Wealth LLC Acquires 12 Shares of Markel Group Inc. $MKL

MBL Wealth LLC raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 8.5% during the 2nd quarter, Holdings Channel reports. The fund owned 153 shares of the insurance provider’s stock after purchasing an additional 12 shares during the period. MBL Wealth LLC’s holdings in Markel Group were worth $306,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB purchased a new stake in shares of Markel Group during the 2nd quarter worth $6,481,000. LGT Fund Management Co Ltd. bought a new position in Markel Group in the second quarter worth about $793,000. Hennessy Advisors Inc. purchased a new stake in shares of Markel Group during the second quarter valued at about $9,188,000. QRG Capital Management Inc. boosted its holdings in shares of Markel Group by 17.8% in the 2nd quarter. QRG Capital Management Inc. now owns 358 shares of the insurance provider’s stock valued at $715,000 after buying an additional 54 shares in the last quarter. Finally, Boyar Asset Management Inc. grew its position in shares of Markel Group by 36.6% in the 2nd quarter. Boyar Asset Management Inc. now owns 481 shares of the insurance provider’s stock worth $961,000 after buying an additional 129 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 1.2%

Shares of Markel Group stock opened at $1,943.85 on Monday. The firm’s 50 day simple moving average is $1,943.03 and its two-hundred day simple moving average is $1,912.64. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 11.66 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,521.25 and a 12-month high of $2,075.92. 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 (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm 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 quarterly revenue was up 24.3% compared to the same quarter last year. Analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a research report on Saturday, September 27th. 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 MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $1,820.33.

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.