Balefire LLC Invests $519,000 in Markel Group Inc. $MKL

Key Points

• Balefire LLC has acquired a new position in Markel Group Inc. by purchasing 260 shares valued at approximately $519,000.
• Markel Group reported quarterly earnings with an EPS of $25.46, exceeding expectations, and a revenue of $4.82 billion, marking a 24.3% increase year-over-year.
• Hedge funds and institutional investors hold **77.12%** of Markel Group's stock, highlighting significant interest from larger financial entities.

Balefire LLC acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 260 shares of the insurance provider's stock, valued at approximately $519,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position 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 acquiring an additional 7,914 shares in the last quarter. Davis Selected Advisers grew its holdings in Markel Group by 0.3% during the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider's stock worth $694,502,000 after acquiring an additional 947 shares during the period. Select Equity Group L.P. acquired a new stake in Markel Group during the first quarter valued at $357,512,000. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock valued at $273,105,000 after acquiring an additional 24,487 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Markel Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider's stock valued at $222,177,000 after purchasing an additional 2,187 shares during the period. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of Markel Group stock traded down $9.31 during trading on Friday, reaching $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 50-day moving average price of $1,961.90 and a two-hundred day moving average price of $1,907.57. The firm has a market cap of $24.49 billion, a PE ratio of 11.61 and a beta of 0.82. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. 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 (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $18.62 EPS. Markel Group's revenue was up 24.3% compared to the same quarter last year. On average, analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

Separately, Argus raised 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.