Seneca House Advisors Grows Position in Markel Group Inc. $MKL

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 increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,066 shares of the insurance provider's stock after acquiring an additional 347 shares during the quarter. Markel Group comprises about 6.0% of Seneca House Advisors' investment portfolio, making the stock its 3rd largest holding. Seneca House Advisors owned approximately 0.06% of Markel Group worth $14,114,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Balefire LLC bought a new position in Markel Group during the second quarter worth about $519,000. Chemistry Wealth Management LLC increased its position in Markel Group by 2.3% during the second quarter. Chemistry Wealth Management LLC now owns 2,812 shares of the insurance provider's stock worth $5,617,000 after acquiring an additional 63 shares during the period. Canandaigua National Trust Co of Florida increased its position in Markel Group by 157.0% during the second quarter. Canandaigua National Trust Co of Florida now owns 293 shares of the insurance provider's stock worth $585,000 after acquiring an additional 179 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its position in Markel Group by 11.3% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 247 shares of the insurance provider's stock worth $493,000 after acquiring an additional 25 shares during the period. Finally, E. Ohman J or Asset Management AB increased its position in Markel Group by 180.0% during the second quarter. E. Ohman J or Asset Management AB now owns 560 shares of the insurance provider's stock worth $1,119,000 after acquiring an additional 360 shares during the period. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Markel Group Price Performance

MKL stock opened at $1,918.24 on Wednesday. The company has a fifty day moving average price of $1,965.13 and a 200-day moving average price of $1,906.83. The company has a market capitalization of $24.27 billion, a P/E ratio of 11.50 and a beta of 0.82. Markel Group Inc. has a 52-week low of $1,521.25 and a 52-week high of $2,075.92. 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 (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, beating the consensus estimate of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company's revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $18.62 earnings per share. As a group, equities analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

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.

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