Markel Group Inc. $MKL Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its holdings in Markel Group Inc. (NYSE:MKL) by 318.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 862 shares of the insurance provider’s stock after purchasing an additional 656 shares during the period. AlphaQuest LLC’s holdings in Markel Group were worth $1,722,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Markel Group during the first quarter worth $115,000. GAMMA Investing LLC boosted its stake in 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 buying an additional 7 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Markel Group during the first quarter worth $372,000. Check Capital Management Inc. CA boosted its stake in Markel Group by 2.5% during the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider’s stock worth $147,860,000 after buying an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC boosted its stake in Markel Group by 42.0% during the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 447 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Markel Group Price Performance

MKL stock opened at $1,878.64 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $23.76 billion, a PE ratio of 11.27 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 business’s fifty day moving average price is $1,932.88 and its 200 day moving average price is $1,921.62.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm posted $18.62 EPS. Markel Group’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current 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.