Smith Salley Wealth Management Raises Stake in Markel Group Inc. $MKL

Key Points

• Smith Salley Wealth Management increased its stake in Markel Group Inc. by 1.8% in the second quarter, owning a total of 9,343 shares valued at approximately $18.66 million.
• Markel Group reported a quarterly EPS of $25.46, surpassing estimates and achieving a 24.3% increase in revenue year-over-year, with total revenue of $4.82 billion.
• About 77.12% of Markel Group's stock is held by institutional investors, indicating strong interest from large investment firms.

Smith Salley Wealth Management boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,343 shares of the insurance provider's stock after purchasing an additional 165 shares during the period. Markel Group makes up about 1.1% of Smith Salley Wealth Management's investment portfolio, making the stock its 29th biggest holding. Smith Salley Wealth Management owned approximately 0.07% of Markel Group worth $18,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MKL. Mirae Asset Global Investments Co. Ltd. bought a new stake in Markel Group during the first quarter worth approximately $115,000. GAMMA Investing LLC raised its position in shares of Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after acquiring an additional 7 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of Markel Group during the first quarter worth about $372,000. Check Capital Management Inc. CA lifted its stake in Markel Group by 2.5% in the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider's stock valued at $147,860,000 after purchasing an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC raised its position in shares of Markel Group by 42.0% in the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock valued at $2,825,000 after buying an additional 447 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Up 0.6%

NYSE MKL opened at $1,915.02 on Friday. The business has a 50 day simple moving average of $1,953.28 and a 200 day simple moving average of $1,909.83. Markel Group Inc. has a one year low of $1,521.25 and a one year high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $24.22 billion, a P/E ratio of 11.49 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating 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 company had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the previous year, the company earned $18.62 earnings per share. Markel Group's revenue for the quarter was up 24.3% on a year-over-year basis. Research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current 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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