Blair William & Co. IL Buys 405 Shares of Markel Group Inc. $MKL

Key Points

• Blair William & Co. IL increased its stake in Markel Group Inc. by 4.0%, owning 10,488 shares valued at approximately $20.95 million after purchasing an additional 405 shares in the second quarter.
• The average analyst rating for Markel Group is currently a "Hold" with a consensus target price of $1,930.50, while recent earnings showed a significant increase in revenue, beating estimates by over $800 million.
• Markel Group's stock performance includes a market cap of $24.63 billion, with shares trading between $1,521.25 and $2,075.92 over the past year.

Blair William & Co. IL lifted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,488 shares of the insurance provider's stock after buying an additional 405 shares during the period. Blair William & Co. IL owned approximately 0.08% of Markel Group worth $20,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Axxcess Wealth Management LLC grew its holdings in Markel Group by 0.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock worth $1,642,000 after acquiring an additional 6 shares during the period. Baxter Bros Inc. grew its holdings in Markel Group by 1.0% during the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider's stock worth $1,272,000 after acquiring an additional 6 shares during the period. GAMMA Investing LLC grew its holdings in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after acquiring an additional 7 shares during the period. Resonant Capital Advisors LLC grew its holdings in Markel Group by 1.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock worth $1,223,000 after acquiring an additional 7 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in Markel Group by 5.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock worth $239,000 after acquiring an additional 7 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Markel Group in a report on Wednesday. Cowen restated a "hold" rating on shares of Markel Group in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Markel Group has an average rating of "Hold" and a consensus target price of $1,930.50.

Markel Group Stock Performance

Shares of MKL opened at $1,946.96 on Friday. Markel Group Inc. has a one year low of $1,521.25 and a one year high of $2,075.92. The company has a market cap of $24.63 billion, a PE ratio of 11.68 and a beta of 0.78. 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 moving average of $1,938.73 and a 200-day moving average of $1,914.70.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share 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 for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter last year, the firm earned $18.62 EPS. The firm's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.

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