Blue Zone Wealth Advisors LLC Increases Holdings in Markel Group Inc. $MKL

Blue Zone Wealth Advisors LLC grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,697 shares of the insurance provider’s stock after purchasing an additional 38 shares during the quarter. Markel Group makes up 1.8% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Blue Zone Wealth Advisors LLC’s holdings in Markel Group were worth $7,384,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Axxcess Wealth Management LLC increased its position in shares of Markel Group by 0.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider’s stock valued at $1,642,000 after purchasing an additional 6 shares during the last quarter. Baxter Bros Inc. increased its position in shares of Markel Group by 1.0% during the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock valued at $1,272,000 after purchasing an additional 6 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 7 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Markel Group by 1.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider’s stock valued at $1,223,000 after purchasing an additional 7 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of Markel Group by 5.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 7 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 1.3%

MKL stock opened at $1,920.98 on Friday. 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 firm has a market capitalization of $24.30 billion, a PE ratio of 11.52 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. The stock has a 50-day simple moving average of $1,938.63 and a two-hundred day simple moving average of $1,915.09.

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 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%.The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $18.62 EPS. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MKL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report on Wednesday. Cowen reissued a “hold” rating on shares of Markel Group in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus target price of $1,930.50.

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.