Southeast Asset Advisors LLC Has $4.06 Million Holdings in Markel Group Inc. $MKL

Southeast Asset Advisors LLC grew its position in Markel Group Inc. (NYSE:MKL) by 44.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,030 shares of the insurance provider’s stock after purchasing an additional 627 shares during the period. Southeast Asset Advisors LLC’s holdings in Markel Group were worth $4,055,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Select Equity Group L.P. acquired a new position in Markel Group in the 1st quarter worth approximately $357,512,000. Epoch Investment Partners Inc. lifted its holdings in shares of Markel Group by 49.5% in the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after purchasing an additional 35,786 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Markel Group in the first quarter worth $45,796,000. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Markel Group by 20.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock valued at $273,105,000 after buying an additional 24,487 shares in the last quarter. Finally, Swedbank AB raised its position in Markel Group by 879.9% during the first quarter. Swedbank AB now owns 10,936 shares of the insurance provider’s stock valued at $20,446,000 after buying an additional 9,820 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.4%

NYSE:MKL opened at $2,041.81 on Tuesday. The company’s 50 day moving average is $1,954.82 and its 200-day moving average is $1,953.90. 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 Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,109.91. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 12.78 and a beta of 0.77.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates 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 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MKL shares. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.