Board of the Pension Protection Fund Makes New $519,000 Investment in Markel Group Inc. $MKL

Key Points

• The Board of the Pension Protection Fund invested approximately $519,000 in Markel Group Inc., purchasing 260 shares of the insurance provider in the second quarter.
• Markel Group's stock has seen analyst ratings with two 'Buy' and three 'Hold' ratings, with a consensus target price of $1,930.50.
• The company's latest quarterly earnings showed a 24.3% increase in revenue year-over-year, reporting $4.82 billion compared to analysts' expectations of $3.96 billion.

Board of the Pension Protection Fund purchased a new position in Markel Group Inc. (NYSE:MKL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 260 shares of the insurance provider's stock, valued at approximately $519,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Markel Group in the 1st quarter worth approximately $115,000. GAMMA Investing LLC grew its holdings in shares of Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after purchasing an additional 7 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Markel Group in the first quarter valued at $372,000. Check Capital Management Inc. CA grew its holdings in shares of Markel Group by 2.5% in the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock valued at $147,860,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Values Added Financial LLC grew its stake in shares of Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after buying an additional 447 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Cowen reiterated a "hold" rating on shares of Markel Group in a research report on Tuesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Markel Group in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of "Hold" and an average target price of $1,930.50.

Markel Group Stock Down 1.3%

Shares of NYSE:MKL opened at $1,920.98 on Friday. The business has a 50 day simple moving average of $1,938.63 and a two-hundred day simple moving average of $1,915.42. Markel Group Inc. has a 1 year low of $1,521.25 and a 1 year high of $2,075.92. 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 firm has a market capitalization of $24.30 billion, a PE ratio of 11.52 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) 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 company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the previous year, the business earned $18.62 EPS. Markel Group's revenue was up 24.3% compared to the same quarter last year. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

About Markel Group

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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