Markel Group Inc. $MKL Stock Position Raised by Steward Partners Investment Advisory LLC

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 grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 86.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,237 shares of the insurance provider's stock after acquiring 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 quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Cresset Asset Management LLC boosted its position in shares of Markel Group by 84.7% in the first quarter. Cresset Asset Management LLC now owns 229 shares of the insurance provider's stock worth $428,000 after buying an additional 105 shares during the period. American Century Companies Inc. boosted its position in shares of Markel Group by 50.3% in the first quarter. American Century Companies Inc. now owns 23,952 shares of the insurance provider's stock worth $44,781,000 after buying an additional 8,014 shares during the period. Ethic Inc. boosted its position in shares of Markel Group by 15.6% in the first quarter. Ethic Inc. now owns 976 shares of the insurance provider's stock worth $1,815,000 after buying an additional 132 shares during the period. Greenlea Lane Capital Management LLC boosted its position in shares of Markel Group by 3.4% in the first quarter. Greenlea Lane Capital Management LLC now owns 22,455 shares of the insurance provider's stock worth $41,982,000 after buying an additional 735 shares during the period. Finally, Aberdeen Group plc boosted its position in shares of Markel Group by 167.3% in the first quarter. Aberdeen Group plc now owns 5,809 shares of the insurance provider's stock worth $10,861,000 after buying an additional 3,636 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

NYSE:MKL traded down $12.96 during trading hours on Monday, reaching $1,979.36. 42,684 shares of the stock were exchanged, compared to its average volume of 47,034. 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 simple moving average of $1,976.58 and a 200-day simple moving average of $1,901.04. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92. The stock has a market capitalization of $25.04 billion, a P/E ratio of 11.87 and a beta of 0.82.

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 for the quarter, topping analysts' consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business's quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $18.62 EPS. As a group, sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,820.33.

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.