S Bank Fund Management Ltd Buys New Stake in Markel Group Inc. (NYSE:MKL)

Key Points

• S Bank Fund Management Ltd acquired a new stake in Markel Group Inc., purchasing 303 shares valued at approximately $566,000 during the first quarter of the year.
• Markel Group reported a strong quarterly earnings performance, with $25.46 EPS, surpassing analyst expectations and showing a significant 24.3% year-over-year revenue increase to $4.82 billion.
• Institutional investors own 77.12% of Markel Group's stock, indicating strong investor confidence, while the stock also received a rating upgrade to "buy" from Argus.

S Bank Fund Management Ltd purchased a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 303 shares of the insurance provider's stock, valued at approximately $566,000.

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

Wall Street Analysts Forecast Growth

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $1,820.33.

Markel Group Stock Down 1.3%

NYSE:MKL traded down $25.69 during trading hours on Friday, reaching $1,928.46. The company's stock had a trading volume of 35,694 shares, compared to its average volume of 45,523. The stock has a 50 day moving average price of $1,973.32 and a two-hundred day moving average price of $1,898.10. 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 12 month low of $1,494.00 and a 12 month high of $2,075.92. The company has a market capitalization of $24.40 billion, a P/E ratio of 11.57 and a beta of 0.82.

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

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.66% of the company's stock.

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.