Tran Capital Management L.P. Takes $541,000 Position in Markel Group Inc. $MKL

Key Points

• Tran Capital Management L.P. has acquired a new stake in Markel Group Inc., purchasing 271 shares valued at approximately $541,000 during the second quarter of the year.
• Markel Group's quarterly earnings showed EPS of $25.46, surpassing estimates, with revenues of $4.82 billion, a 24.3% increase year-over-year.
• Analysts have upgraded Markel Group's stock rating from "hold" to "buy" and the average target price has increased to $1,820.33.

Tran Capital Management L.P. bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 271 shares of the insurance provider's stock, valued at approximately $541,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cathy Pareto & Associates Inc. grew its holdings in shares of Markel Group by 8.3% in the second quarter. Cathy Pareto & Associates Inc. now owns 131 shares of the insurance provider's stock worth $262,000 after purchasing an additional 10 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Markel Group by 17.6% in the second quarter. Farther Finance Advisors LLC now owns 154 shares of the insurance provider's stock worth $308,000 after purchasing an additional 23 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Markel Group by 91.2% in the second quarter. Assenagon Asset Management S.A. now owns 8,345 shares of the insurance provider's stock worth $16,668,000 after purchasing an additional 3,980 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Markel Group by 6.9% in the second quarter. IFM Investors Pty Ltd now owns 2,356 shares of the insurance provider's stock worth $4,706,000 after purchasing an additional 152 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Markel Group by 0.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,307 shares of the insurance provider's stock worth $8,623,000 after purchasing an additional 15 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,935.29 on Friday. The firm has a market capitalization of $24.49 billion, a P/E ratio of 11.61 and a beta of 0.82. 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 company has a 50 day moving average price of $1,961.90 and a 200 day moving average price of $1,907.57. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating the consensus estimate of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. Markel Group's revenue was up 24.3% on a year-over-year basis. During the same period last year, the firm posted $18.62 EPS. Sell-side analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Analysts Set New Price Targets

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