Markel Group Inc. $MKL Stake Boosted by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Markel Group Inc. by 0.2% in the second quarter, now owning 79,947 shares valued at approximately $159.7 million.
• Markel Group's quarterly earnings report showed earnings per share of $25.46, surpassing analysts' estimates of $24.74, with revenue reaching $4.82 billion.
• The stock price of Markel Group has seen a 52-week range between $1,521.25 and $2,075.92, currently trading at around $1,915.02.

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,947 shares of the insurance provider's stock after acquiring an additional 170 shares during the period. Markel Group accounts for 0.9% of Fort Washington Investment Advisors Inc. OH's investment portfolio, making the stock its 23rd biggest holding. Fort Washington Investment Advisors Inc. OH owned 0.63% of Markel Group worth $159,683,000 as of its most recent filing with the Securities & Exchange Commission.

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

Markel Group Stock Up 0.6%

MKL stock opened at $1,915.02 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. 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 50-day moving average of $1,953.28 and a two-hundred day moving average of $1,909.83. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 11.49 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly 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. The company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $18.62 earnings per share. As a group, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.

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