Markel Group Inc. $MKL Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Markel Group Inc. by 5.6% during the second quarter, holding shares worth approximately $12.25 million.
• Markel Group reported earnings per share (EPS) of $25.46 for the last quarter, surpassing estimates of $24.74, with a revenue of $4.82 billion, up 24.3% year-over-year.
• Markel Group has a current market capitalization of $24.25 billion, a PE ratio of 11.50, and institutional investors own 77.12% of the company's stock.

Aberdeen Group plc raised its position in Markel Group Inc. (NYSE:MKL - Free Report) by 5.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,135 shares of the insurance provider's stock after buying an additional 326 shares during the quarter. Aberdeen Group plc's holdings in Markel Group were worth $12,254,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Axxcess Wealth Management LLC grew its stake in Markel Group by 0.7% during the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock worth $1,642,000 after buying an additional 6 shares during the period. Baxter Bros Inc. lifted its holdings in shares of Markel Group by 1.0% during the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider's stock valued at $1,272,000 after acquiring an additional 6 shares in the last quarter. GAMMA Investing LLC boosted its position 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 purchasing an additional 7 shares during the period. Resonant Capital Advisors LLC raised its position in Markel Group by 1.1% in the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock valued at $1,223,000 after purchasing an additional 7 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in shares of Markel Group by 5.8% during the first quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock worth $239,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,916.70 on Thursday. The firm has a market cap of $24.25 billion, a PE ratio of 11.50 and a beta of 0.78. The firm's 50-day simple moving average is $1,937.77 and its 200-day simple moving average is $1,916.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. Markel Group Inc. has a 1 year low of $1,521.25 and a 1 year high of $2,075.92.

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, topping 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 business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the firm earned $18.62 earnings per share. The company's revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MKL. Cowen reiterated a "hold" rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Markel Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,930.50.

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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