AMF Tjanstepension AB Makes New $6.48 Million Investment in Markel Group Inc. $MKL

Key Points

• AMF Tjanstepension AB has invested approximately $6.48 million in Markel Group Inc., acquiring 3,245 shares of the insurance provider stock.
• The company's recent quarterly earnings exceeded expectations, reporting $25.46 EPS and revenue of $4.82 billion, a 24.3% increase year-over-year.
• Markel Group currently has a market capitalization of $24.59 billion and an average analyst rating of "Hold" with a price target of $1,820.33.

AMF Tjanstepension AB purchased a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,245 shares of the insurance provider's stock, valued at approximately $6,481,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Markel Group in the first quarter worth approximately $115,000. GAMMA Investing LLC raised its stake in shares of Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after purchasing an additional 7 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Markel Group in the first quarter worth approximately $372,000. Check Capital Management Inc. CA raised its stake in shares of Markel Group by 2.5% in the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock worth $147,860,000 after purchasing an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC raised its stake in shares of Markel Group by 42.0% in the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of MKL opened at $1,943.85 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 $24.59 billion, a price-to-earnings ratio of 11.66 and a beta of 0.78. The stock has a 50 day moving average of $1,943.03 and a 200 day moving average of $1,911.77. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.Markel Group's revenue was up 24.3% on a year-over-year basis. During the same period last year, the business posted $18.62 earnings per share. As a group, sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Markel Group in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $1,820.33.

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.

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