Markel Group Inc. $MKL Holdings Decreased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Markel Group Inc. by 7.8%, holding approximately $21.46 million in shares after selling 1,050 shares in the first quarter.
• Markel Group reported a strong earnings performance with $25.46 EPS, exceeding estimates, and a revenue increase of 24.3% compared to the previous year.
• Currently, 77.12% of Markel Group's stock is owned by institutional investors, with various firms adjusting their positions recently.

APG Asset Management N.V. lessened its position in Markel Group Inc. (NYSE:MKL - Free Report) by 7.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,398 shares of the insurance provider's stock after selling 1,050 shares during the period. APG Asset Management N.V. owned approximately 0.10% of Markel Group worth $21,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Markel Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider's stock worth $2,165,962,000 after buying an additional 7,914 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Markel Group by 0.3% in the 1st quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider's stock worth $694,502,000 after buying an additional 947 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Markel Group by 20.1% in the 1st 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 in the last quarter. Bank of America Corp DE raised its stake in shares of Markel Group by 0.7% in the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after buying an additional 915 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider's stock worth $222,177,000 after buying an additional 2,187 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Trading Up 0.8%

Shares of Markel Group stock traded up $15.61 on Wednesday, reaching $1,960.18. 37,273 shares of the company were exchanged, compared to its average volume of 49,096. The stock has a fifty day moving average price of $1,976.76 and a 200-day moving average price of $1,901.73. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of 11.76 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a fifty-two week low of $1,494.00 and a fifty-two week 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 earnings per share for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the company posted $18.62 earnings per share. Markel Group's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.