Markel Group Inc. $MKL Holdings Lifted by Banyan Capital Management Inc.

Key Points

• Banyan Capital Management Inc. increased its stake in Markel Group Inc. by 1.7%, making it the largest position in their portfolio, valued at approximately $21.56 million.
• Markel Group reported a 24.3% increase in quarterly revenue year-over-year, totaling $4.82 billion, and earnings per share surpassed analyst expectations by $0.72.
• Argus has upgraded Markel Group's rating from "hold" to "buy," with an average target price of $1,820.33, indicating potential investor confidence.

Banyan Capital Management Inc. raised its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,792 shares of the insurance provider's stock after buying an additional 181 shares during the quarter. Markel Group comprises approximately 11.1% of Banyan Capital Management Inc.'s holdings, making the stock its largest position. Banyan Capital Management Inc. owned about 0.09% of Markel Group worth $21,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Sierra Ocean LLC bought a new position in shares of Markel Group during the first quarter worth $28,000. Cary Street Partners Investment Advisory LLC lifted its stake in Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after purchasing an additional 11 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Markel Group in the 1st quarter worth $32,000. ST Germain D J Co. Inc. boosted its holdings in shares of Markel Group by 300.0% during 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 last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Markel Group during the first quarter valued at about $54,000. Institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of "Hold" and an average price target of $1,820.33.

Markel Group Stock Up 0.9%

Shares of NYSE MKL opened at $1,939.90 on Wednesday. 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 12-month low of $1,521.25 and a 12-month high of $2,075.92. The firm's 50-day moving average price is $1,959.27 and its 200-day moving average price is $1,908.00. The stock has a market capitalization of $24.54 billion, a price-to-earnings ratio of 11.63 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued 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. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same period in the previous year, the firm posted $18.62 earnings per share. The firm's revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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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