Resonant Capital Advisors LLC Buys 28 Shares of Markel Group Inc. $MKL

Resonant Capital Advisors LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 682 shares of the insurance provider’s stock after purchasing an additional 28 shares during the period. Resonant Capital Advisors LLC’s holdings in Markel Group were worth $1,362,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Markel Group by 60.8% during the second quarter. Brighton Jones LLC now owns 193 shares of the insurance provider’s stock worth $385,000 after acquiring an additional 73 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs increased its stake in Markel Group by 7.6% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 595 shares of the insurance provider’s stock worth $1,188,000 after acquiring an additional 42 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Markel Group during the second quarter worth approximately $296,000. AlphaQuest LLC boosted its position in shares of Markel Group by 318.4% during the second quarter. AlphaQuest LLC now owns 862 shares of the insurance provider’s stock valued at $1,722,000 after buying an additional 656 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Markel Group by 6.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,453 shares of the insurance provider’s stock valued at $60,826,000 after buying an additional 1,787 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 0.9%

Shares of NYSE MKL opened at $1,878.64 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $1,932.88 and a two-hundred day simple moving average of $1,924.29. The firm has a market cap of $23.76 billion, a PE ratio of 11.27 and a beta of 0.78. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92.

Markel Group (NYSE:MKL) last issued its earnings results 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. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.Markel Group’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $18.62 EPS. Analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on MKL shares. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Markel Group has a consensus rating of “Hold” and an average 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.