Steward Partners Investment Advisory LLC Acquires 1,038 Shares of Markel Group Inc. $MKL

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Markel Group Inc. by 86.6% in the first quarter, owning a total of 2,237 shares valued at approximately $4,182,000.
• Argus has upgraded Markel Group from a "hold" rating to a "buy" rating, while the company currently has a consensus target price of $1,820.33.
• Markel Group reported a 24.3% year-over-year revenue increase, with $4.82 billion in revenue and earnings per share of $25.46 for the most recent quarter, exceeding analyst expectations.

Steward Partners Investment Advisory LLC increased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 86.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,237 shares of the insurance provider's stock after purchasing an additional 1,038 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Markel Group were worth $4,182,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Markel Group in the 1st quarter valued at approximately $115,000. GAMMA Investing LLC increased its position in 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 Markel Group in the 1st quarter valued at approximately $372,000. Check Capital Management Inc. CA increased its position 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 acquiring an additional 1,921 shares during the period. Finally, Values Added Financial LLC increased its position in Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock valued at $2,825,000 after acquiring an additional 447 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Markel Group Stock Up 1.2%

NYSE MKL traded up $24.1730 on Friday, hitting $1,993.5630. 37,991 shares of the company were exchanged, compared to its average volume of 46,921. The company has a market cap of $25.22 billion, a PE ratio of 11.96 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The stock has a fifty day moving average of $1,976.11 and a 200-day moving average of $1,902.16. 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 (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm earned $18.62 earnings per share. The business's quarterly revenue was up 24.3% compared to the same quarter last year. As a group, analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current 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.