Dynamic Technology Lab Private Ltd Takes $400,000 Position in Markel Group Inc. $MKL

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment of approximately $400,000 in Markel Group Inc. by purchasing 214 shares according to a recent SEC filing.
• Markel Group received an upgrade from a "hold" to a "buy" rating by Argus, with a consensus rating of "hold" and an average target price set at $1,820.33.
• The company reported a 24.3% increase in revenue year-over-year, posting $4.82 billion in sales for the last quarter, exceeding analysts' expectations.

Dynamic Technology Lab Private Ltd bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 214 shares of the insurance provider's stock, valued at approximately $400,000.

A number of other institutional investors have also recently bought and sold shares of the business. Axxcess Wealth Management LLC grew its holdings 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 period. 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 buying an additional 7 shares during the period. 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 buying an additional 7 shares during the period. 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 buying an additional 7 shares during the period. 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 buying an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of MKL stock traded up $18.67 on Wednesday, reaching $1,935.88. The stock had a trading volume of 8,465 shares, compared to its average volume of 54,918. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average is $1,965.13 and its two-hundred day moving average is $1,906.83. The firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of 11.62 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,521.25 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 (EPS) for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. The company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. Markel Group's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $18.62 EPS. On average, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.