Markel Group Inc. $MKL Stake Raised by Barrett & Company Inc.

Barrett & Company Inc. boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 166.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 32 shares of the insurance provider’s stock after purchasing an additional 20 shares during the quarter. Barrett & Company Inc.’s holdings in Markel Group were worth $64,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Markel Group during the 1st quarter worth about $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in 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 buying an additional 11 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Markel Group during the 1st quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new stake in Markel Group during the 2nd quarter worth about $38,000. Finally, Wayfinding Financial LLC acquired a new stake in Markel Group during the 1st quarter worth about $54,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $1,820.33.

Markel Group Price Performance

Shares of MKL opened at $1,943.85 on Friday. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 11.66 and a beta of 0.78. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. 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 business’s 50-day moving average is $1,943.03 and its 200-day moving average is $1,911.77.

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 company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $18.62 EPS. Equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.