Swiss National Bank Increases Position in Markel Group Inc. $MKL

Swiss National Bank raised its holdings in Markel Group Inc. (NYSE:MKL) by 6.1% during the 2nd quarter, Holdings Channel reports. The firm owned 38,480 shares of the insurance provider’s stock after buying an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in Markel Group were worth $76,858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MKL. LGT Fund Management Co Ltd. purchased a new position in Markel Group during the second quarter valued at $793,000. OLD National Bancorp IN purchased a new stake in shares of Markel Group during the second quarter worth about $310,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Markel Group during the 2nd quarter worth about $234,000. Jump Financial LLC purchased a new position in Markel Group in the 1st quarter valued at about $408,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Markel Group by 5.3% in the 2nd 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. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of MKL stock opened at $2,036.00 on Monday. 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 $25.67 billion, a PE ratio of 12.75 and a beta of 0.77. The firm’s 50-day moving average is $1,952.50 and its two-hundred day moving average is $1,952.80. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,109.91.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating the consensus estimate of $22.77 by $8.13. The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. Analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MKL shares. Cowen reissued 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,930.50.

About Markel Group

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.