Markel Group Inc. $MKL Stock Position Lifted by Greenlea Lane Capital Management LLC

Key Points

• Greenlea Lane Capital Management LLC increased its holdings in Markel Group Inc. by 3.4% during the first quarter, making it the fourth largest position in their portfolio, with an ownership of approximately $41.98 million.
• Markel Group received a rating upgrade from Argus, moving from a "hold" to a "buy" rating, reflecting analysts' confidence in the company's growth potential, which includes an average price target of $1,820.33.
• Markel Group reported a strong quarterly performance with an EPS of $25.46, exceeding analyst estimates, and a revenue increase of 24.3% compared to the previous year.

Greenlea Lane Capital Management LLC raised its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,455 shares of the insurance provider's stock after buying an additional 735 shares during the period. Markel Group comprises about 14.5% of Greenlea Lane Capital Management LLC's portfolio, making the stock its 4th biggest position. Greenlea Lane Capital Management LLC owned 0.18% of Markel Group worth $41,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Markel Group during the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Markel Group by 183.3% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Markel Group during the first quarter valued at approximately $32,000. ST Germain D J Co. Inc. increased its position in shares of Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 15 shares during the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director owned 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by insiders.

Markel Group Price Performance

NYSE:MKL traded up $31.6630 during trading hours on Tuesday, hitting $1,954.0230. 42,127 shares of the company's stock traded hands, compared to its average volume of 57,111. The firm has a market cap of $24.72 billion, a P/E ratio of 11.72 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 business's fifty day simple moving average is $1,972.96 and its two-hundred day simple moving average is $1,899.23. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data 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 company 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 quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the company earned $18.62 earnings per share. On average, research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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