Strs Ohio Takes Position in Markel Group Inc. $MKL

Key Points

• Strs Ohio has invested approximately $2.99 million in Markel Group, acquiring 1,597 shares of the insurance provider during the first quarter.
• Markel Group reported a net revenue of $4.82 billion for the latest quarter, exceeding estimates and showing a 24.3% year-over-year increase.
• Analysts have raised Markel Group's rating from "hold" to "buy," with a consensus target price of $1,820.33.

Strs Ohio acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,597 shares of the insurance provider's stock, valued at approximately $2,986,000.

A number of other hedge funds have also recently bought and sold shares of MKL. Sierra Ocean LLC bought a new position in Markel Group in the first quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Markel Group by 183.3% during the 1st 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. bought a new position in shares of Markel Group during the 1st quarter worth approximately $32,000. ST Germain D J Co. Inc. boosted its stake in shares of Markel Group by 300.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after acquiring an additional 15 shares during the period. Finally, McIlrath & Eck LLC boosted its stake in shares of Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after acquiring an additional 26 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research note 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, Markel Group currently has a consensus rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Price Performance

MKL traded down $9.31 on Friday, reaching $1,935.29. The stock had a trading volume of 98,734 shares, compared to its average volume of 35,714. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. The firm has a 50-day moving average of $1,961.90 and a 200-day moving average of $1,907.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 11.61 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion during 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 revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $18.62 EPS. As a group, sell-side analysts anticipate 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.