Markel Group Inc. $MKL Position Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Markel Group Inc. (NYSE:MKL) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,167,813 shares of the insurance provider’s stock after purchasing an additional 9,303 shares during the quarter. Vanguard Group Inc. owned about 9.23% of Markel Group worth $2,332,543,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Culbertson A N & Co. Inc. raised its position in Markel Group by 70.2% in the second quarter. Culbertson A N & Co. Inc. now owns 2,519 shares of the insurance provider’s stock worth $5,031,000 after acquiring an additional 1,039 shares in the last quarter. Poehling Capital Management INC. boosted its holdings in Markel Group by 2.6% during the second quarter. Poehling Capital Management INC. now owns 13,244 shares of the insurance provider’s stock worth $26,453,000 after buying an additional 333 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Markel Group by 5.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 4,017 shares of the insurance provider’s stock worth $8,023,000 after buying an additional 203 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Markel Group by 12.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,549 shares of the insurance provider’s stock valued at $13,081,000 after acquiring an additional 747 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Markel Group by 6.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 340 shares of the insurance provider’s stock worth $679,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.2%

Shares of Markel Group stock opened at $2,036.00 on Friday. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,109.91. The company has a market cap of $25.67 billion, a P/E ratio of 12.75 and a beta of 0.77. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $1,952.50 and a 200 day moving average price of $1,951.76.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The business had revenue of $3.93 billion during 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%. As a group, analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on MKL shares. Cowen reaffirmed a “hold” rating on shares of Markel Group in a 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.