Douglass Winthrop Advisors LLC Has $156.43 Million Holdings in Markel Group Inc. $MKL

Key Points

• Douglass Winthrop Advisors LLC reduced its stake in Markel Group Inc. by 5.7% during Q1, now holding 83,668 shares valued at approximately $156.4 million.
• Markel Group reported a 24.3% increase in quarterly revenue year-over-year, with earnings per share reaching $25.46, exceeding analyst estimates.
• Institutional investors hold approximately 77.12% of Markel Group's stock, highlighting significant interest from large investors in the company.

Douglass Winthrop Advisors LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,668 shares of the insurance provider's stock after selling 5,058 shares during the quarter. Markel Group comprises 3.0% of Douglass Winthrop Advisors LLC's portfolio, making the stock its 10th biggest holding. Douglass Winthrop Advisors LLC owned 0.66% of Markel Group worth $156,427,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MKL. Axxcess Wealth Management LLC increased its holdings in shares of Markel Group by 0.7% in the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock valued at $1,642,000 after purchasing an additional 6 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Markel Group by 1.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock worth $1,223,000 after buying an additional 7 shares during the period. GAMMA Investing LLC grew its stake in Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after buying an additional 7 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in Markel Group by 5.8% in the 1st quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock valued at $239,000 after acquiring an additional 7 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its position in Markel Group by 3.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider's stock worth $418,000 after acquiring an additional 8 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

Shares of NYSE:MKL traded up $15.61 during trading on Wednesday, reaching $1,960.18. 37,273 shares of the company traded hands, compared to its average volume of 56,827. The firm has a market capitalization of $24.80 billion, a PE ratio of 11.76 and a beta of 0.82. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The company's 50 day moving average is $1,976.60 and its two-hundred day moving average is $1,901.33.

Markel Group (NYSE:MKL - Get Free Report) last issued 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 company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter last year, the business earned $18.62 earnings per share. Markel Group's revenue was up 24.3% on a year-over-year basis. As a group, sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Markel Group has a consensus rating of "Hold" and an average price target 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.