Markel Group Inc. $MKL Shares Acquired by Southeast Asset Advisors LLC

Key Points

• Southeast Asset Advisors LLC increased its stake in Markel Group Inc. by 71.9%, purchasing an additional 587 shares to own a total of 1,403 shares valued at $2.623 million.
• Markel Group reported a 24.3% increase in revenue year-over-year, reaching $4.82 billion, and earnings per share (EPS) of $25.46, surpassing estimates.
• The stock currently has an average rating of "Hold" among analysts, with a consensus price target of $1,820.33.

Southeast Asset Advisors LLC lifted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 71.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,403 shares of the insurance provider's stock after purchasing an additional 587 shares during the quarter. Southeast Asset Advisors LLC's holdings in Markel Group were worth $2,623,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MKL. Sierra Ocean LLC purchased a new position in Markel Group during the 1st quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC increased 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 worth $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Markel Group during the first quarter worth $32,000. ST Germain D J Co. Inc. lifted its position in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares during the period. Finally, McIlrath & Eck LLC lifted its position in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

Shares of MKL stock traded down $2.76 during trading hours on Thursday, hitting $1,955.48. 25,429 shares of the company's stock were exchanged, compared to its average volume of 56,636. Markel Group Inc. has a fifty-two week low of $1,494.00 and a fifty-two week high of $2,075.92. The firm has a market cap of $24.74 billion, a P/E ratio of 11.73 and a beta of 0.82. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $1,976.76 and a two-hundred day moving average of $1,901.73.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm's revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $18.62 EPS. Sell-side analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

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

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.