Berkshire Asset Management LLC PA Acquires Shares of 135 Markel Group Inc. $MKL

Key Points

• Berkshire Asset Management LLC invested approximately $254,000 in Markel Group Inc., acquiring 135 shares of the insurance provider's stock during the 1st quarter.
• Markel Group reported a 24.3% increase in revenue year-over-year for the last quarter, achieving $4.82 billion, alongside an earnings per share of $25.46, exceeding analysts' expectations.
• The stock has seen a 1.6% increase recently and currently has a market cap of $24.72 billion with a price-to-earnings ratio of 11.72.

Berkshire Asset Management LLC PA acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 135 shares of the insurance provider's stock, valued at approximately $254,000.

Several other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new position in shares of Markel Group during the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 11 shares during the period. Atlas Capital Advisors Inc. bought a new position in Markel Group during the first quarter valued at about $32,000. ST Germain D J Co. Inc. increased its stake in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 15 shares during the period. Finally, McIlrath & Eck LLC increased its stake in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 26 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 0.6%

Shares of NYSE MKL traded down $12.5540 during mid-day trading on Monday, hitting $1,979.7660. The company had a trading volume of 9,313 shares, compared to its average volume of 56,626. The company has a market capitalization of $25.04 billion, a PE ratio of 11.86 and a beta of 0.82. The firm has a 50-day simple moving average of $1,976.11 and a two-hundred day simple moving average of $1,901.37. 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 one year low of $1,494.00 and a one year high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results 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 business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the business posted $18.62 EPS. Markel Group's revenue was up 24.3% on a year-over-year basis. On average, equities 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 report on Friday, May 30th. One investment 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 has a consensus 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.