Invesco Ltd. grew its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,338 shares of the insurance provider's stock after purchasing an additional 435 shares during the period. Invesco Ltd. owned approximately 0.14% of Markel Group worth $32,415,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. acquired a new position in Markel Group during the 1st quarter worth approximately $32,000. True North Advisors LLC acquired a new stake in shares of Markel Group in the 1st quarter worth approximately $4,085,000. Benjamin Edwards Inc. grew its holdings in shares of Markel Group by 16.7% in the 1st quarter. Benjamin Edwards Inc. now owns 1,013 shares of the insurance provider's stock worth $1,894,000 after acquiring an additional 145 shares during the period. Covestor Ltd grew its holdings in shares of Markel Group by 37.4% in the 1st quarter. Covestor Ltd now owns 158 shares of the insurance provider's stock worth $296,000 after acquiring an additional 43 shares during the period. Finally, Davis Selected Advisers grew its holdings in shares of Markel Group by 0.3% in the 1st quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider's stock worth $694,502,000 after acquiring an additional 947 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.
Insider Transactions at Markel Group
In related news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the sale, the director owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.66% of the company's stock.
Markel Group Stock Performance
MKL opened at $1,924.94 on Tuesday. The stock has a market cap of $24.35 billion, a P/E ratio of 11.54 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The stock's 50 day simple moving average is $1,972.96 and its 200 day simple moving average is $1,899.23. Markel Group Inc. has a 1-year low of $1,494.00 and a 1-year high of $2,075.92.
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, beating analysts' consensus estimates of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the company earned $18.62 EPS. Markel Group's revenue was up 24.3% on a year-over-year basis. As a group, equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,820.33.
View Our Latest Report on MKL
Markel Group Company Profile
(
Free Report)
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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