4,750 Shares in Markel Group Inc. $MKL Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. has acquired 4,750 shares of Markel Group Inc., valued at approximately $9,487,000, indicating significant interest from institutional investors.
• Markel Group recently reported a quarterly earnings per share (EPS) of $25.46, exceeding analyst estimates and showing a 24.3% increase in revenue compared to the previous year.
• As of now, Markel Group holds a market capitalization of $24.48 billion and has a consensus rating of "Hold" with an average price target of $1,820.33.

Mn Services Vermogensbeheer B.V. purchased a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,750 shares of the insurance provider's stock, valued at approximately $9,487,000.

Several other hedge funds also recently added to or reduced their stakes in MKL. Select Equity Group L.P. bought a new stake in Markel Group in the first quarter valued at about $357,512,000. GAMMA Investing LLC increased its holdings in shares of Markel Group by 210,656.4% in the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after acquiring an additional 115,861 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Markel Group by 49.5% during the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider's stock valued at $201,953,000 after buying an additional 35,786 shares during the last quarter. Nuveen LLC acquired a new position in Markel Group during the 1st quarter worth $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock valued at $273,105,000 after buying an additional 24,487 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 0.8%

Shares of MKL stock traded up $15.71 during trading on Tuesday, hitting $1,938.77. 2,868 shares of the company were exchanged, compared to its average volume of 55,025. 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 twelve month low of $1,521.25 and a twelve month high of $2,075.92. The business's 50-day simple moving average is $1,960.04 and its 200 day simple moving average is $1,907.77. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 11.63 and a beta of 0.82.

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

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $1,820.33.

Markel Group Company 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.