Magnolia Private Wealth LLC Invests $547,000 in Markel Group Inc. $MKL

Key Points

• Magnolia Private Wealth LLC acquired a new position in Markel Group Inc. totaling $547,000 during the second quarter, purchasing 274 shares of the insurance provider's stock.
• Markel Group reported earnings of $25.46 per share for the last quarter, which exceeded analysts' expectations, with revenue amounting to $4.82 billion, a 24.3% increase year-over-year.
• Institutional ownership of Markel Group stands at 77.12%, with several funds recently increasing their stakes in the company.

Magnolia Private Wealth LLC acquired a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 274 shares of the insurance provider's stock, valued at approximately $547,000.

Several other institutional investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new stake in Markel Group during the 2nd quarter valued at approximately $154,000. Smith Salley Wealth Management raised its stake in Markel Group by 1.8% during the 2nd quarter. Smith Salley Wealth Management now owns 9,343 shares of the insurance provider's stock valued at $18,661,000 after purchasing an additional 165 shares during the period. Hengehold Capital Management LLC raised its stake in Markel Group by 26.4% during the 2nd quarter. Hengehold Capital Management LLC now owns 383 shares of the insurance provider's stock valued at $765,000 after purchasing an additional 80 shares during the period. Kirr Marbach & Co. LLC IN raised its stake in Markel Group by 0.9% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 8,145 shares of the insurance provider's stock valued at $16,268,000 after purchasing an additional 70 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in Markel Group by 3.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,695 shares of the insurance provider's stock valued at $3,386,000 after purchasing an additional 55 shares during the period. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 0.6%

Shares of MKL opened at $1,912.87 on Wednesday. The business's 50 day moving average is $1,949.02 and its 200 day moving average is $1,910.83. The company has a market capitalization of $24.20 billion, a PE ratio of 11.47 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. 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 issued 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 for 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%.The firm's quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the company earned $18.62 EPS. Research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.

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