Sequoia Financial Advisors LLC Purchases 13 Shares of Markel Group Inc. $MKL

Sequoia Financial Advisors LLC increased its position in shares of Markel Group Inc. (NYSE:MKL) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,527 shares of the insurance provider’s stock after purchasing an additional 13 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Markel Group were worth $3,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Markel Group during the first quarter worth about $28,000. Cary Street Partners Investment Advisory LLC lifted its position in Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 11 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Markel Group during the first quarter worth about $32,000. Ameritas Advisory Services LLC bought a new stake in Markel Group during the second quarter worth about $38,000. Finally, Wayfinding Financial LLC bought a new stake in Markel Group during the first quarter worth about $54,000. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of a number of research reports. Cowen reissued a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Stock Down 2.0%

MKL stock opened at $1,916.70 on Thursday. The firm has a 50-day moving average price of $1,937.77 and a 200-day moving average price of $1,916.53. The stock has a market capitalization of $24.25 billion, a P/E ratio of 11.50 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) 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 net margin of 13.39% and a return on equity of 7.18%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business earned $18.62 EPS. As a group, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Markel Group 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.