Markel Group Inc. $MKL is Mraz Amerine & Associates Inc.'s 5th Largest Position

Key Points

• Mraz Amerine & Associates Inc. has increased its holdings in Markel Group Inc. by 1.1%, making up approximately 6.1% of the firm's investment portfolio, positioning Markel as its 5th largest holding.
• Markel Group reported a 24.3% year-over-year revenue increase for the quarter, amounting to $4.82 billion, and earnings per share of $25.46, surpassing estimates by $0.72.
• Analysts have given Markel Group an average rating of "Hold" with a consensus price target of $1,820.33, reflecting a mix of Buy and Hold ratings from multiple research analysts.

Mraz Amerine & Associates Inc. increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,885 shares of the insurance provider's stock after purchasing an additional 207 shares during the quarter. Markel Group accounts for approximately 6.1% of Mraz Amerine & Associates Inc.'s investment portfolio, making the stock its 5th largest holding. Mraz Amerine & Associates Inc. owned 0.15% of Markel Group worth $37,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in Markel Group during the 1st quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Markel Group by 183.3% during the first 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 during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Markel Group during the first quarter worth $32,000. Ameritas Advisory Services LLC acquired a new position in Markel Group during the second quarter valued at $38,000. Finally, Wayfinding Financial LLC purchased a new stake in Markel Group in the first quarter valued at $54,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 1.0%

MKL stock opened at $1,959.98 on Tuesday. Markel Group Inc. has a one year low of $1,521.25 and a one year high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The firm's fifty day moving average is $1,942.03 and its 200 day moving average is $1,913.53. The firm has a market cap of $24.79 billion, a PE ratio of 11.75 and a beta of 0.78.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Markel Group in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average 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.

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.