Dimensional Fund Advisors LP Acquires 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 grew its stake 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 disclosure with the Securities and Exchange Commission. The fund owned 118,851 shares of the insurance provider's stock after buying an additional 2,187 shares during the period. Dimensional Fund Advisors LP owned approximately 0.94% of Markel Group worth $222,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MKL. Mirae Asset Global Investments Co. Ltd. bought a new position in Markel Group during the 1st quarter worth approximately $115,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 7 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Markel Group in the 1st quarter valued at approximately $372,000. Check Capital Management Inc. CA increased its stake in Markel Group by 2.5% during the 1st 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 raised its holdings in Markel Group by 42.0% during the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after buying an additional 447 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Up 1.1%

Shares of MKL traded up $20.96 during mid-day trading on Friday, hitting $1,990.35. 28,506 shares of the company's stock were exchanged, compared to its average volume of 56,862. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. 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 cap of $25.18 billion, a PE ratio of 11.94 and a beta of 0.82. The company has a 50-day simple moving average of $1,974.81 and a 200 day simple moving average of $1,901.10.

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 net margin of 13.39% and a return on equity of 7.18%. The business had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the prior year, the company posted $18.62 earnings per share. The firm's revenue was up 24.3% on a year-over-year basis. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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