Berkshire Asset Management LLC PA Invests $254,000 in 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 purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 135 shares of the insurance provider's stock, valued at approximately $254,000.

A number of other hedge funds also recently modified their holdings of MKL. Brighton Jones LLC acquired a new stake in shares of Markel Group during the fourth quarter worth about $236,000. Dimensional Fund Advisors LP grew its holdings in shares of Markel Group by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock worth $201,393,000 after buying an additional 1,975 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Markel Group by 168.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 542 shares of the insurance provider's stock worth $936,000 after buying an additional 340 shares in the last quarter. Ossiam grew its holdings in shares of Markel Group by 34.5% during the fourth quarter. Ossiam now owns 320 shares of the insurance provider's stock worth $552,000 after buying an additional 82 shares in the last quarter. Finally, Natixis grew its holdings in shares of Markel Group by 103.9% during the fourth quarter. Natixis now owns 155 shares of the insurance provider's stock worth $268,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 1.2%

MKL stock traded up $24.1730 during mid-day trading on Friday, reaching $1,993.5630. The company had a trading volume of 37,991 shares, compared to its average volume of 46,921. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $1,976.11 and a two-hundred day simple moving average of $1,902.16. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of 11.96 and a beta of 0.82. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last posted 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. The firm 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%.The business's revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company earned $18.62 earnings per share. As a group, equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of "Hold" and a consensus 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.