Jones Financial Companies Lllp Boosts Holdings in Markel Group Inc. $MKL

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 grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 191.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 740 shares of the insurance provider's stock after acquiring 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Axxcess Wealth Management LLC grew its position in Markel Group by 0.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock worth $1,642,000 after purchasing an additional 6 shares during the period. GAMMA Investing LLC boosted its stake 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 worth $116,000 after buying an additional 7 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Markel Group by 1.1% in the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock worth $1,223,000 after acquiring an additional 7 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of Markel Group by 5.8% in the first quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock worth $239,000 after acquiring an additional 7 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its position in Markel Group by 3.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider's stock valued at $418,000 after acquiring an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

Separately, Argus upgraded 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Stock Performance

Markel Group stock traded up $16.84 during midday trading on Thursday, hitting $1,944.68. The stock had a trading volume of 33,123 shares, compared to its average volume of 36,013. Markel Group Inc. has a 52-week low of $1,521.25 and a 52-week high of $2,075.92. The company has a market capitalization of $24.60 billion, a PE ratio of 11.66 and a beta of 0.82. The firm's fifty day moving average is $1,962.66 and its two-hundred day moving average is $1,907.14. 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 (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping analysts' consensus estimates of $24.74 by $0.72. The business 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 company's revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business posted $18.62 earnings per share. On average, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.