Markel Group Inc. $MKL Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its stake in Markel Group Inc. (NYSE:MKL) by 24.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 503 shares of the insurance provider’s stock after buying an additional 100 shares during the quarter. Venturi Wealth Management LLC’s holdings in Markel Group were worth $1,005,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. Sierra Ocean LLC purchased a new position in shares of Markel Group during the 1st quarter worth $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Markel Group during the 1st quarter worth $32,000. Ameritas Advisory Services LLC purchased a new position in shares of Markel Group during the 2nd quarter worth $38,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Markel Group during the 1st quarter worth $54,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MKL shares. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research report on Wednesday. Two investment 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 has an average rating of “Hold” and an average price target of $1,930.50.

Markel Group Stock Down 0.5%

Shares of Markel Group stock opened at $1,954.83 on Thursday. The business has a 50-day moving average of $1,940.00 and a 200-day moving average of $1,914.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $24.73 billion, a PE ratio of 11.72 and a beta of 0.78. Markel Group Inc. has a 1-year low of $1,521.25 and a 1-year high of $2,075.92.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the company posted $18.62 earnings per share. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.