Nicholas Hoffman & Company LLC. Acquires Shares of 144 Markel Group Inc. (NYSE:MKL)

Key Points

• Nicholas Hoffman & Company LLC acquired 144 shares of Markel Group Inc. valued at approximately $269,000 in the first quarter, as disclosed in its recent 13F filing with the SEC.
• During the first quarter, GAMMA Investing LLC significantly increased its holdings in Markel Group by over 210,000%, now owning 115,916 shares valued at $216.7 million.
• Markel Group reported earnings of $25.46 EPS for the last quarter, exceeding estimates, with a 24.3% increase in revenue year-over-year, amounting to $4.82 billion.

Nicholas Hoffman & Company LLC. bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 144 shares of the insurance provider's stock, valued at approximately $269,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Markel Group by 210,656.4% in the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after buying an additional 115,861 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in Markel Group by 19.3% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock valued at $209,891,000 after acquiring an additional 19,657 shares during the period. TD Asset Management Inc lifted its position in Markel Group by 34.0% during the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider's stock worth $128,323,000 after acquiring an additional 17,413 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Markel Group by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock worth $174,425,000 after purchasing an additional 15,916 shares during the last quarter. Finally, Rockbridge Capital Management LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at about $24,834,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

MKL stock opened at $1,957.11 on Thursday. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $1,975.57 and a 200-day moving average of $1,891.68. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,075.92.

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

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,820.33.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the transaction, the director owned 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

About Markel Group

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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