Dimensional Fund Advisors LP Buys 2,187 Shares of Markel Group Inc. $MKL

Key Points

• Dimensional Fund Advisors LP increased its stake in Markel Group Inc. by 1.9%, owning 118,851 shares valued at approximately $222.18 million as of the latest SEC filing.
• Markel Group has received a buy rating from Argus, with an average price target of $1,820.33, indicating potential bullish sentiment among analysts.
• In the last quarter, Markel Group reported a 24.3% year-over-year revenue increase to $4.82 billion, exceeding analyst expectations.

Dimensional Fund Advisors LP increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,851 shares of the insurance provider's stock after acquiring an additional 2,187 shares during the period. Dimensional Fund Advisors LP owned about 0.94% of Markel Group worth $222,177,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Axxcess Wealth Management LLC grew its position in Markel Group by 0.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock worth $1,642,000 after acquiring an additional 6 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Markel Group by 1.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock worth $1,223,000 after acquiring an additional 7 shares during the last quarter. GAMMA Investing LLC grew its position in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after acquiring an additional 7 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Markel Group by 5.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock worth $239,000 after acquiring an additional 7 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in 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 buying an additional 8 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 1.2%

MKL traded up $24.1730 during mid-day trading on Friday, reaching $1,993.5630. The stock had a trading volume of 37,991 shares, compared to its average volume of 46,921. The stock has a market capitalization of $25.22 billion, a P/E ratio of 11.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The firm's fifty day simple moving average is $1,976.11 and its two-hundred day simple moving average is $1,902.47. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 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 firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $18.62 EPS. The business's quarterly 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.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,820.33.

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.