Callan Family Office LLC Invests $795,000 in Markel Group Inc. $MKL

Key Points

• Callan Family Office LLC invested approximately $795,000 in Markel Group Inc., acquiring 398 shares during the second quarter.
• The stock of Markel Group saw a 0.7% increase and has a market capitalization of $24.42 billion, with a P/E ratio of 11.58.
• Markel Group reported $25.46 earnings per share for the last quarter, exceeding expectations, while revenue rose 24.3% year-over-year.

Callan Family Office LLC acquired a new stake in shares of 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. The fund acquired 398 shares of the insurance provider's stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MKL. Sierra Ocean LLC acquired a new position in Markel Group during the 1st quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC boosted its position 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. acquired a new position in Markel Group during the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new position in Markel Group during the 2nd quarter valued at approximately $38,000. Finally, Wayfinding Financial LLC acquired a new position in Markel Group during the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 0.7%

Shares of Markel Group stock opened at $1,930.65 on Tuesday. The business's fifty day moving average price is $1,938.27 and its two-hundred day moving average price is $1,916.27. 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 company has a market capitalization of $24.42 billion, a P/E ratio of 11.58 and a beta of 0.78. Markel Group Inc. has a 1-year low of $1,521.25 and a 1-year high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last announced its 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. The firm had revenue of $4.82 billion for 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 firm's revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $18.62 EPS. As a group, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on MKL shares. Weiss Ratings restated a "buy (b)" rating on shares of Markel Group in a research report on Wednesday, October 8th. Cowen restated a "hold" rating on shares of Markel Group in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Markel Group currently has a consensus rating of "Hold" and an average price target of $1,930.50.

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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