Markel Group Inc. $MKL Stock Holdings Lifted by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its stake in Markel Group Inc. by 191.3% during the 1st quarter, now holding shares worth approximately $1.38 million.
• Markel Group reported a strong 24.3% year-over-year revenue growth to $4.82 billion and beat earnings expectations with $25.46 earnings per share in its latest quarterly results.
• Analysts have a consensus rating of "Hold" for Markel Group, while one analyst upgraded the stock to a "Buy" rating, indicating potential market confidence.

Jones Financial Companies Lllp boosted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 191.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 740 shares of the insurance provider's stock after purchasing an additional 486 shares during the period. Jones Financial Companies Lllp's holdings in Markel Group were worth $1,384,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MKL. Select Equity Group L.P. acquired a new stake in Markel Group during the 1st quarter valued at $357,512,000. GAMMA Investing LLC grew its holdings in Markel Group by 210,656.4% during the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after purchasing an additional 115,861 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Markel Group by 49.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider's stock valued at $201,953,000 after purchasing an additional 35,786 shares in the last quarter. Nuveen LLC acquired a new stake in Markel Group during the 1st quarter valued at $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock valued at $273,105,000 after purchasing an additional 24,487 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Down 0.4%

MKL stock traded down $8.05 during mid-day trading on Tuesday, hitting $1,918.24. 42,433 shares of the company were exchanged, compared to its average volume of 55,193. The company has a market capitalization of $24.27 billion, a PE ratio of 11.50 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The firm has a fifty day simple moving average of $1,966.79 and a 200 day simple moving average of $1,906.75.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data 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 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 revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the business earned $18.62 EPS. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.