Markel Group Inc. $MKL Shares Bought by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB increased its stake in Markel Group Inc. by 180.0% in the 2nd quarter, owning a total of 560 shares worth approximately $1,119,000.
• Markel Group reported $25.46 earnings per share for the last quarter, exceeding analysts' expectations of $24.74 and showing a 24.3% revenue increase compared to the same quarter last year.
• Analysts have set a consensus price target of $1,820.33 for Markel Group, with one analyst upgrading the stock to a "buy" rating while three maintain a "hold" rating.

E. Ohman J or Asset Management AB boosted its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 180.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 560 shares of the insurance provider's stock after acquiring an additional 360 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Markel Group were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Markel Group in the 1st quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after buying an additional 11 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Markel Group in the 1st quarter valued at approximately $32,000. ST Germain D J Co. Inc. lifted its holdings in shares of Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after buying an additional 15 shares during the period. Finally, McIlrath & Eck LLC lifted its holdings in shares of Markel Group by 866.7% in the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after buying an additional 26 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Markel Group Price Performance

Markel Group stock traded down $9.31 during mid-day trading on Friday, hitting $1,935.29. 98,734 shares of the company were exchanged, compared to its average volume of 35,714. 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 business's 50 day simple moving average is $1,961.90 and its two-hundred day simple moving average is $1,907.60. The company has a market capitalization of $24.48 billion, a P/E ratio of 11.61 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 released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.Markel Group's revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $18.62 earnings per share. Analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.