Markel Group Inc. $MKL Stake Boosted by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Markel Group by 3.1% during the second quarter, now owning 70,743 shares valued at approximately $141.3 million.
• Markel Group reported a quarterly earnings per share (EPS) of $25.46, surpassing the consensus estimate by $0.72, with revenue up 24.3% year-over-year at $4.82 billion.
• The stock of Markel Group is currently trading at around $1,953.83, with analysts maintaining an average rating of "Hold" and a consensus target price of $1,930.50.

TD Asset Management Inc increased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,743 shares of the insurance provider's stock after purchasing an additional 2,107 shares during the quarter. TD Asset Management Inc owned approximately 0.56% of Markel Group worth $141,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MKL. Sierra Ocean LLC acquired a new stake in Markel Group during the 1st quarter worth about $28,000. Cary Street Partners Investment Advisory LLC boosted its position in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Markel Group during the 1st quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new stake in Markel Group during the 2nd quarter worth about $38,000. Finally, Wayfinding Financial LLC acquired a new stake in Markel Group during the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 1.3%

Shares of Markel Group stock opened at $1,953.83 on Wednesday. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of 11.72 and a beta of 0.78. 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 stock has a 50-day simple moving average of $1,938.58 and a 200-day simple moving average of $1,916.53.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm's revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company earned $18.62 EPS. On average, equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the subject of a number of research reports. Cowen restated a "hold" rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings restated a "buy (b)" rating on shares of Markel Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1,930.50.

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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