Steward Partners Investment Advisory LLC Increases Position in Markel Group Inc. $MKL

Steward Partners Investment Advisory LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 86.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,237 shares of the insurance provider’s stock after acquiring an additional 1,038 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Markel Group were worth $4,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Axxcess Wealth Management LLC raised its stake in Markel Group by 0.7% in the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider’s stock worth $1,642,000 after buying an additional 6 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after purchasing an additional 7 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Markel Group by 1.1% during the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider’s stock worth $1,223,000 after purchasing an additional 7 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Markel Group by 5.8% during the first quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 7 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in shares of Markel Group by 3.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider’s stock worth $418,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Argus raised Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,820.33.

Markel Group Price Performance

Shares of MKL opened at $1,954.0230 on Wednesday. The firm has a market capitalization of $24.72 billion, a PE ratio of 11.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. Markel Group Inc. has a 1-year low of $1,494.00 and a 1-year high of $2,075.92. The company’s fifty day moving average price is $1,973.50 and its 200-day moving average price is $1,899.61.

Markel Group (NYSE:MKL) last announced its quarterly earnings data 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 firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company earned $18.62 earnings per share. On average, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly owned 632 shares of the company’s stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.66% of the stock is owned by company insiders.

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.