397 Shares in Markel Group Inc. $MKL Bought by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. has acquired 397 shares of Markel Group Inc., valued at approximately $793,000, indicating institutional interest in the insurance provider.
• Markel Group's shares opened at $1,943.85, reflecting a 1.2% increase, with a market cap of $24.59 billion and a price-to-earnings ratio of 11.66.
• In its recent earnings report, Markel Group posted an EPS of $25.46, exceeding expectations and marking a 24.3% increase in revenue year-over-year.

LGT Fund Management Co Ltd. acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 397 shares of the insurance provider's stock, valued at approximately $793,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Sierra Ocean LLC bought a new stake in Markel Group during the 1st quarter worth $28,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Markel Group in the 1st quarter valued at about $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Markel Group in the 2nd quarter valued at about $38,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Markel Group in the 1st quarter valued at about $54,000. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 1.2%

Shares of Markel Group stock opened at $1,943.85 on Friday. Markel Group Inc. has a one year low of $1,521.25 and a one year high of $2,075.92. 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 stock's 50-day moving average is $1,943.03 and its 200 day moving average is $1,912.19. The firm has a market cap of $24.59 billion, a price-to-earnings ratio of 11.66 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating 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 company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the company earned $18.62 EPS. The firm's revenue for the quarter was up 24.3% compared to the same quarter last year. Equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.

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