AG2R LA Mondiale Gestion D Actifs Buys New Shares in Markel Group Inc. $MKL

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Markel Group Inc., purchasing 553 shares valued at approximately $1,074,000.
• Markel Group reported a strong quarterly performance with $25.46 earnings per share, exceeding analysts' estimates, and a revenue increase of 24.3% year-over-year.
• Analysts have upgraded Markel Group's stock from a "hold" rating to a "buy" rating, with an average price target set at $1,820.33.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 553 shares of the insurance provider's stock, valued at approximately $1,074,000.

A number of other hedge funds have also added to or reduced their stakes in MKL. Select Equity Group L.P. bought a new position in Markel Group in the first quarter valued at approximately $357,512,000. GAMMA Investing LLC increased its stake in Markel Group by 210,656.4% in the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after acquiring an additional 115,861 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Markel Group by 49.5% in the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider's stock valued at $201,953,000 after acquiring an additional 35,786 shares during the last quarter. Nuveen LLC bought a new stake in shares of Markel Group during the first quarter worth $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Markel Group by 20.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock worth $273,105,000 after buying an additional 24,487 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of "Hold" and an average price target of $1,820.33.

Markel Group Trading Down 0.5%

Shares of Markel Group stock traded down $9.31 during trading on Friday, hitting $1,935.29. The company's stock had a trading volume of 98,734 shares, compared to its average volume of 35,714. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. The stock has a market cap of $24.48 billion, a price-to-earnings ratio of 11.61 and a beta of 0.82. The stock has a 50-day moving average price of $1,961.90 and a two-hundred day moving average price of $1,907.60.

Markel Group (NYSE:MKL - Get Free Report) last issued 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 company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the previous year, the firm posted $18.62 earnings per share. Markel Group's revenue for the quarter was up 24.3% on a year-over-year basis. Equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal 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.