Markel Group Inc. $MKL Shares Acquired by Seneca House Advisors

Key Points

• Seneca House Advisors increased its holdings in Markel Group Inc. by 5.2% during the second quarter, owning approximately $14.1 million worth of shares, making it their 3rd largest investment.
• Markel Group reported strong financial results with an EPS of $25.46 for the last quarter, beating estimates and showing a revenue increase of 24.3% year-over-year.
• The current average rating for Markel Group shares is "Hold", with a price target of $1,820.33, following an upgrade from Argus to a "buy" rating.

Seneca House Advisors boosted its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,066 shares of the insurance provider's stock after acquiring an additional 347 shares during the quarter. Markel Group comprises 6.0% of Seneca House Advisors' holdings, making the stock its 3rd largest holding. Seneca House Advisors owned approximately 0.06% of Markel Group worth $14,114,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

Markel Group Trading Down 0.5%

Shares of MKL traded down $9.31 during trading hours on Friday, hitting $1,935.29. The stock had a trading volume of 98,734 shares, compared to its average volume of 35,714. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $24.49 billion, a P/E ratio of 11.61 and a beta of 0.82. The company's fifty day simple moving average is $1,961.90 and its 200 day simple moving average is $1,907.57. Markel Group Inc. has a 12-month low of $1,521.25 and a 12-month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating 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 prior year, the firm earned $18.62 EPS. The firm's quarterly revenue was up 24.3% compared to the same quarter last year. Equities research analysts forecast that Markel Group Inc. will post 96.25 EPS 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.