Markel Group Inc. $MKL Shares Bought by Northstar Group Inc.

Key Points

• Northstar Group Inc. increased its stake in Markel Group Inc. by 13.9%, acquiring an additional 300 shares during the 2nd quarter, bringing its total shareholding to 2,461 shares valued at approximately $4.9 million.
• Markel Group's quarterly earnings showed an EPS of $25.46, exceeding estimates of $24.74, alongside a 24.3% increase in revenue year-over-year, reaching $4.82 billion.
• The stock has experienced a slight decline of 1.3% recently, with a current trading price of $1,886.29, and a market capitalization of $23.86 billion.

Northstar Group Inc. grew its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,461 shares of the insurance provider's stock after acquiring an additional 300 shares during the period. Northstar Group Inc.'s holdings in Markel Group were worth $4,916,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Markel Group during the 1st quarter worth $115,000. GAMMA Investing LLC grew its holdings in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after acquiring an additional 7 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Markel Group during the 1st quarter worth $372,000. Check Capital Management Inc. CA grew its holdings in Markel Group by 2.5% during the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock worth $147,860,000 after acquiring an additional 1,921 shares in the last quarter. Finally, Values Added Financial LLC grew its holdings in Markel Group by 42.0% during the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $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 Down 1.3%

NYSE MKL opened at $1,886.29 on Thursday. 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 50-day simple moving average of $1,946.30 and a 200-day simple moving average of $1,910.66. 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 has a market capitalization of $23.86 billion, a PE ratio of 11.31 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business posted $18.62 EPS. The company's quarterly revenue was up 24.3% on a year-over-year basis. On average, equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

About Markel Group

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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