Systematic Financial Management LP Has $4.02 Million Holdings in Markel Group Inc. $MKL

Key Points

• Systematic Financial Management LP has reduced its stake in Markel Group Inc. by 19.9%, now holding 2,150 shares valued at approximately $4.02 million.
• The company recently reported earnings of $25.46 per share, exceeding expectations and showing a year-over-year revenue increase of 24.3%.
• Markel Group's stock has a consensus Hold rating with an average price target of $1,820.33, while Argus upgraded it to a Buy rating.

Systematic Financial Management LP decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the insurance provider's stock after selling 535 shares during the period. Systematic Financial Management LP's holdings in Markel Group were worth $4,020,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MKL. Sierra Ocean LLC purchased a new position in Markel Group in the 1st quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after purchasing an additional 11 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Markel Group in the 1st quarter valued at about $32,000. ST Germain D J Co. Inc. boosted its position in shares of Markel Group by 300.0% in the 1st 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 increased its stake in Markel Group by 866.7% in 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.

Analysts Set New Price Targets

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

Markel Group Stock Up 0.8%

NYSE MKL traded up $15.61 during trading hours on Wednesday, reaching $1,960.18. 37,273 shares of the company traded hands, compared to its average volume of 56,827. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. 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 stock has a market capitalization of $24.80 billion, a PE ratio of 11.76 and a beta of 0.82. The company 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 released its earnings results 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 firm had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter last year, the company earned $18.62 EPS. Markel Group's quarterly revenue was up 24.3% on a year-over-year basis. As a group, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share 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.