Candriam S.C.A. Has $1.78 Million Holdings in Markel Group Inc. $MKL

Key Points

• Candriam S.C.A. has increased its holdings in Markel Group Inc. by 48.7% in the first quarter, now owning 950 shares valued at approximately $1.776 million.
• Markel Group reported a quarterly earnings per share (EPS) of $25.46, exceeding the consensus estimate by $0.72, with a revenue of $4.82 billion, up 24.3% year-over-year.
• Argus upgraded Markel Group's stock rating from "hold" to "buy," reflecting a shift in analyst sentiment towards the company.

Candriam S.C.A. grew its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 48.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the insurance provider's stock after acquiring an additional 311 shares during the period. Candriam S.C.A.'s holdings in Markel Group were worth $1,776,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Axxcess Wealth Management LLC grew its holdings in shares of Markel Group by 0.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock valued at $1,642,000 after acquiring an additional 6 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Markel Group by 1.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock valued at $1,223,000 after acquiring an additional 7 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after acquiring an additional 7 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Markel Group by 5.8% in the 1st quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock valued at $239,000 after acquiring an additional 7 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Markel Group by 3.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider's stock valued at $418,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $1,820.33.

Markel Group Stock Performance

NYSE MKL traded up $15.61 on Wednesday, hitting $1,960.18. 37,273 shares of the stock were exchanged, compared to its average volume of 56,827. 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 business's fifty day moving average is $1,976.60 and its 200 day moving average is $1,901.33. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92. The company has a market capitalization of $24.80 billion, a PE ratio of 11.76 and a beta of 0.82.

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 (EPS) for the quarter, topping 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 firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the firm posted $18.62 earnings per share. The company's quarterly revenue was up 24.3% compared to the same quarter last year. Research analysts anticipate 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.