Markel Group Inc. $MKL Stock Holdings Increased by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co of Florida increased its stake in Markel Group Inc. by 157%, owning 293 shares valued at approximately $585,000.
• Multiple institutional investors, including Select Equity Group L.P. and GAMMA Investing LLC, have significantly increased their holdings in Markel Group, resulting in over 77% of the company's stock being held by institutional investors.
• Markel Group reported an earnings per share (EPS) of $25.46 for Q2, surpassing estimates and marking a 24.3% year-over-year revenue growth.

Canandaigua National Trust Co of Florida boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 157.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293 shares of the insurance provider's stock after acquiring an additional 179 shares during the period. Canandaigua National Trust Co of Florida's holdings in Markel Group were worth $585,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Markel Group in the first quarter valued at $115,000. GAMMA Investing LLC raised its holdings in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after acquiring an additional 7 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Markel Group in the first quarter valued at $372,000. Check Capital Management Inc. CA raised its holdings in Markel Group by 2.5% in the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock valued at $147,860,000 after acquiring an additional 1,921 shares in the last quarter. Finally, Values Added Financial LLC raised its holdings in Markel Group by 42.0% in the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock valued at $2,825,000 after acquiring an additional 447 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Up 0.6%

MKL stock traded up $10.99 during mid-day trading on Friday, reaching $1,955.59. 12,984 shares of the stock traded hands, compared to its average volume of 54,723. 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 52-week low of $1,521.25 and a 52-week high of $2,075.92. The company has a market cap of $24.74 billion, a P/E ratio of 11.72 and a beta of 0.82. The stock's fifty day moving average is $1,962.66 and its 200-day moving average is $1,907.14.

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

Wall Street Analysts Forecast Growth

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 given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.