Earned Wealth Advisors LLC Makes New $279,000 Investment in Markel Group Inc. (NYSE:MKL)

Key Points

• Earned Wealth Advisors LLC acquired a new stake in Markel Group Inc. during Q1, purchasing 149 shares valued at approximately $279,000.
• Markel Group's stock opened at $1,926.23 and is currently down 4.1%, with a market cap of $24.37 billion and a PE ratio of 11.55.
• In its latest quarterly earnings, Markel reported an EPS of $25.46, exceeding expectations, and a revenue of $4.82 billion, marking a 24.3% increase year-over-year.

Earned Wealth Advisors LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 149 shares of the insurance provider's stock, valued at approximately $279,000.

Several other large investors also recently made changes to their positions in MKL. Sierra Ocean LLC bought a new stake in Markel Group in the first quarter valued at about $28,000. ST Germain D J Co. Inc. grew its position 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 purchasing an additional 15 shares during the period. McIlrath & Eck LLC raised its holdings in 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 buying an additional 26 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Markel Group during the first quarter worth $54,000. Finally, Versant Capital Management Inc lifted its position in Markel Group by 178.6% in the 1st quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock valued at $73,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 0.7%

MKL stock traded up $13.53 during midday trading on Friday, hitting $1,911.87. The company's stock had a trading volume of 32,516 shares, compared to its average volume of 58,034. 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's fifty day moving average price is $1,975.28 and its 200 day moving average price is $1,892.51. The stock has a market capitalization of $24.19 billion, a P/E ratio of 11.47 and a beta of 0.82. Markel Group Inc. has a twelve month low of $1,494.00 and a twelve month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping 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 business had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter last year, the company posted $18.62 earnings per share. Markel Group's quarterly revenue was up 24.3% on a year-over-year basis. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director directly owned 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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