Markel Group Inc. $MKL Stock Holdings Lifted by Fenimore Asset Management Inc

Fenimore Asset Management Inc grew its position in Markel Group Inc. (NYSE:MKL) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,392 shares of the insurance provider’s stock after purchasing an additional 35 shares during the period. Markel Group comprises about 3.5% of Fenimore Asset Management Inc’s holdings, making the stock its 7th largest position. Fenimore Asset Management Inc’s holdings in Markel Group were worth $176,551,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Markel Group in the fourth quarter worth approximately $236,000. Merit Financial Group LLC increased its stake in shares of Markel Group by 28.3% during the 1st quarter. Merit Financial Group LLC now owns 163 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 36 shares during the last quarter. Vest Financial LLC bought a new position in shares of Markel Group during the 1st quarter valued at $221,000. Parisi Gray Wealth Management lifted its stake in shares of Markel Group by 3.7% in the 1st quarter. Parisi Gray Wealth Management now owns 623 shares of the insurance provider’s stock valued at $1,165,000 after purchasing an additional 22 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Markel Group by 3.3% in the first quarter. Yousif Capital Management LLC now owns 283 shares of the insurance provider’s stock worth $529,000 after purchasing an additional 9 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Price Performance

NYSE:MKL opened at $1,943.85 on Monday. The company has a 50-day moving average of $1,943.03 and a 200-day moving average of $1,912.64. 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 52 week low of $1,521.25 and a 52 week high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last posted 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 for the quarter, compared to analysts’ expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $18.62 earnings per share. As a group, equities research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average target price of $1,820.33.

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.