Tributary Capital Management LLC Has $1.75 Million Position in Markel Group Inc. $MKL

Tributary Capital Management LLC grew its holdings in Markel Group Inc. (NYSE:MKL) by 3.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 875 shares of the insurance provider’s stock after acquiring an additional 33 shares during the quarter. Tributary Capital Management LLC’s holdings in Markel Group were worth $1,748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ethic Inc. grew its position in shares of Markel Group by 11.8% in the second quarter. Ethic Inc. now owns 1,091 shares of the insurance provider’s stock valued at $2,166,000 after purchasing an additional 115 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of Markel Group in the second quarter valued at about $282,000. DekaBank Deutsche Girozentrale grew its position in shares of Markel Group by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock valued at $3,507,000 after purchasing an additional 6 shares during the last quarter. Salomon & Ludwin LLC grew its position in shares of Markel Group by 13.2% in the second quarter. Salomon & Ludwin LLC now owns 215 shares of the insurance provider’s stock valued at $422,000 after purchasing an additional 25 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Markel Group in the second quarter valued at about $217,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Markel Group Stock Performance

MKL stock opened at $1,882.92 on Thursday. 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 company has a 50 day moving average price of $1,935.11 and a 200 day moving average price of $1,918.71. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. The stock has a market capitalization of $23.82 billion, a PE ratio of 11.29 and a beta of 0.78.

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

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.