Robeco Institutional Asset Management B.V. Raises Holdings in Markel Group Inc. $MKL

Robeco Institutional Asset Management B.V. increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 21.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,209 shares of the insurance provider's stock after acquiring an additional 214 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Markel Group were worth $2,415,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC grew its position in Markel Group by 0.7% in the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock worth $1,642,000 after acquiring an additional 6 shares during the period. Resonant Capital Advisors LLC grew its position in Markel Group by 1.1% in the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock worth $1,223,000 after acquiring an additional 7 shares during the period. GAMMA Investing LLC grew its position in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after acquiring an additional 7 shares during the period. Checchi Capital Advisers LLC grew its position in Markel Group by 5.8% in the first quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider's stock worth $239,000 after acquiring an additional 7 shares during the period. Finally, MainStreet Investment Advisors LLC grew its position in Markel Group by 2.3% in the first quarter. MainStreet Investment Advisors LLC now owns 359 shares of the insurance provider's stock worth $671,000 after acquiring an additional 8 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKL has been the subject of several research analyst reports. Cowen restated a "hold" rating on shares of Markel Group in a research report on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of Markel Group in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus target price of $1,820.33.

Markel Group Trading Up 0.3%

NYSE:MKL opened at $1,964.65 on Wednesday. The firm has a market cap of $24.85 billion, a PE ratio of 11.78 and a beta of 0.78. The stock has a fifty day moving average price of $1,940.98 and a 200 day moving average price of $1,913.88. Markel Group Inc. has a 12-month low of $1,521.25 and a 12-month high of $2,075.92. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL - Get Free Report) last released its 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 firm 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%.Markel Group's revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business posted $18.62 earnings per share. Sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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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