T. Rowe Price Investment Management Inc. Acquires 229 Shares of Markel Group Inc. $MKL

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Markel Group Inc. by 0.1%, owning a total of 153,917 shares valued at approximately $287.77 million.
• Markel Group reported a 24.3% increase in quarterly revenue year-over-year, reaching $4.82 billion, and earnings per share of $25.46, exceeding analysts' expectations.
• Analyst upgrades have strengthened the outlook for Markel Group, with Argus raising its rating from "hold" to "buy," and analysts predicting an average price target of $1,820.33 for the stock.

T. Rowe Price Investment Management Inc. grew its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 0.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,917 shares of the insurance provider's stock after acquiring an additional 229 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.21% of Markel Group worth $287,765,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Credit Agricole S A increased its holdings in shares of Markel Group by 9.4% in the first quarter. Credit Agricole S A now owns 594 shares of the insurance provider's stock worth $1,111,000 after acquiring an additional 51 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Markel Group by 1.6% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,848 shares of the insurance provider's stock worth $5,323,000 after acquiring an additional 44 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Markel Group by 20.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock worth $273,105,000 after buying an additional 24,487 shares during the period. Berkshire Asset Management LLC PA acquired a new position in shares of Markel Group during the first quarter worth about $254,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Markel Group by 1.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,046 shares of the insurance provider's stock worth $13,173,000 after buying an additional 83 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director owned 632 shares in the company, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.66% of the company's stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,970.3880 on Thursday. The stock has a 50 day moving average price of $1,974.34 and a 200 day moving average price of $1,900.10. Markel Group Inc. has a 52 week low of $1,494.00 and a 52 week high of $2,075.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $24.93 billion, a PE ratio of 11.82 and a beta of 0.82.

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, beating the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $3.96 billion. During the same period in the prior year, the firm posted $18.62 earnings per share. The business's quarterly revenue was up 24.3% compared to the same quarter last year. Analysts predict 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 analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.

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