Epoch Investment Partners Inc. Raises Position in Markel Group Inc. $MKL

Key Points

• Epoch Investment Partners Inc. raised its position in Markel Group Inc. by 49.5%, acquiring an additional 35,786 shares, making Markel its 16th largest holding.
• Markel Group reported $25.46 earnings per share (EPS) for the last quarter, exceeding analyst expectations, with revenues reaching $4.82 billion.
• Wall Street analysts have a consensus rating of "Hold" for Markel Group, with one analyst upgrading it to "Buy" and a consensus price target of $1,820.33.

Epoch Investment Partners Inc. grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 49.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 108,019 shares of the insurance provider's stock after buying an additional 35,786 shares during the period. Markel Group makes up about 1.0% of Epoch Investment Partners Inc.'s investment portfolio, making the stock its 16th largest holding. Epoch Investment Partners Inc. owned about 0.85% of Markel Group worth $201,953,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Markel Group in the first quarter worth about $115,000. GAMMA Investing LLC raised its holdings in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after buying an additional 7 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Markel Group in the first quarter worth about $372,000. Check Capital Management Inc. CA raised its holdings in Markel Group by 2.5% in the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock worth $147,860,000 after buying an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC raised its holdings in Markel Group by 42.0% in the first 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 last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of MKL stock opened at $1,979.36 on Tuesday. The company has a 50 day moving average price of $1,976.58 and a 200-day moving average price of $1,901.04. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92. The firm has a market capitalization of $25.04 billion, a PE ratio of 11.87 and a beta of 0.82. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $24.74 by $0.72. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $18.62 earnings per share. As a group, equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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