Capital Advisors Inc. OK Purchases Shares of 229 Markel Group Inc. $MKL

Key Points

• Capital Advisors Inc. OK has acquired 229 shares of Markel Group Inc. (NYSE: MKL), valued at approximately $458,000, during the second quarter.
• Markel Group reported a 24.3% increase in revenue year-over-year, with Q2 earnings per share of $25.46, exceeding analyst expectations.
• Analysts provide a consensus rating of "Hold" for Markel Group, with an average target price of $1,820.33.

Capital Advisors Inc. OK acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 229 shares of the insurance provider's stock, valued at approximately $458,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Markel Group during the first quarter worth $115,000. GAMMA Investing LLC boosted its position in shares of Markel Group by 12.7% during 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. Vontobel Holding Ltd. bought a new stake in Markel Group in the first quarter valued at about $372,000. Check Capital Management Inc. CA raised its position in 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 worth $147,860,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Values Added Financial LLC lifted its stake in Markel Group by 42.0% during the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after purchasing an additional 447 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

NYSE MKL opened at $1,959.98 on Tuesday. 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 50 day moving average of $1,942.03 and a 200-day moving average of $1,913.53. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 11.75 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period 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 forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Markel Group in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,820.33.

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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