Sather Financial Group Inc Increases Position in Markel Group Inc. $MKL

Key Points

• Sather Financial Group Inc increased its stake in Markel Group Inc. by 0.6% during the second quarter, owning 26,489 shares valued at approximately $52.9 million.
• Analysts have mixed views on Markel Group, with two giving it a Buy rating and three a Hold rating, and a consensus price target of $1,930.50.
• Markel Group reported a 24.3% increase in revenue year-over-year for the last quarter, with an earnings per share (EPS) of $25.46, which surpassed the consensus estimate.

Sather Financial Group Inc raised its position in Markel Group Inc. (NYSE:MKL - Free Report) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,489 shares of the insurance provider's stock after purchasing an additional 157 shares during the quarter. Markel Group accounts for approximately 3.1% of Sather Financial Group Inc's portfolio, making the stock its 15th largest position. Sather Financial Group Inc owned about 0.21% of Markel Group worth $52,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Markel Group in the first quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its position 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 valued at $32,000 after purchasing an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Markel Group in the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new stake in Markel Group in the second quarter valued at approximately $38,000. Finally, Wayfinding Financial LLC purchased a new stake in Markel Group in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MKL. Cowen reaffirmed a "hold" rating on shares of Markel Group in a research report on Tuesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Markel Group in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1,930.50.

Markel Group Stock Down 1.3%

Markel Group stock opened at $1,920.98 on Friday. The firm has a market capitalization of $24.30 billion, a P/E ratio of 11.52 and a beta of 0.78. The stock's fifty day simple moving average is $1,938.63 and its 200-day simple moving average is $1,915.42. 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 Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating the consensus estimate of $24.74 by $0.72. The firm had revenue of $4.82 billion for 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 for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $18.62 earnings per share. As a group, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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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