Cobblestone Capital Advisors LLC NY Buys 251 Shares of Markel Group Inc. (NYSE:MKL)

Key Points

• Cobblestone Capital Advisors LLC NY increased its stake in Markel Group Inc. by 1.3%, owning a total of 19,768 shares worth approximately $36.96 million.
• Markel Group reported a quarterly EPS of $25.46, surpassing analysts' expectations and showing a 24.3% increase in revenue year-over-year.
• Institutional investors hold around 77.12% of Markel Group's stock, indicating a strong interest from major investment firms.

Cobblestone Capital Advisors LLC NY raised its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,768 shares of the insurance provider's stock after buying an additional 251 shares during the quarter. Markel Group accounts for about 2.0% of Cobblestone Capital Advisors LLC NY's holdings, making the stock its 16th biggest position. Cobblestone Capital Advisors LLC NY owned approximately 0.16% of Markel Group worth $36,958,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MKL. Sierra Ocean LLC bought a new position in shares of Markel Group during the 1st quarter worth about $28,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 worth $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Markel Group during the 1st quarter worth about $32,000. ST Germain D J Co. Inc. lifted its holdings in shares of Markel Group by 300.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after acquiring an additional 15 shares during the period. Finally, McIlrath & Eck LLC lifted its holdings in shares of Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 1.8%

MKL traded up $34.47 during trading on Wednesday, reaching $1,962.07. The company had a trading volume of 38,233 shares, compared to its average volume of 57,730. The business's fifty day moving average price is $1,973.07 and its 200 day moving average price is $1,895.43. 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 cap of $24.82 billion, a P/E ratio of 11.77 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.96 billion. During the same period in the previous year, the company earned $18.62 earnings per share. The firm's revenue for the quarter was up 24.3% on a year-over-year basis. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the transaction, the director owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Markel Group 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.