271 Shares in Markel Group Inc. $MKL Acquired by Tran Capital Management L.P.

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at approximately $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Markel Group by 15.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96 shares of the insurance provider's stock worth $166,000 after buying an additional 13 shares in the last quarter. Waverly Advisors LLC boosted its holdings in Markel Group by 7.3% during the fourth quarter. Waverly Advisors LLC now owns 559 shares of the insurance provider's stock worth $965,000 after buying an additional 38 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Markel Group by 81.3% in the 4th quarter. Voloridge Investment Management LLC now owns 8,079 shares of the insurance provider's stock worth $13,946,000 after purchasing an additional 3,624 shares during the period. Finally, Vise Technologies Inc. acquired a new position in Markel Group in the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Markel Group presently has a consensus rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Price Performance

NYSE MKL traded up $14.02 during trading on Tuesday, reaching $1,937.08. 13,009 shares of the company traded hands, compared to its average volume of 55,079. 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's 50 day moving average price is $1,960.04 and its two-hundred day moving average price is $1,907.77. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 11.63 and a beta of 0.82. Markel Group Inc. has a 1-year low of $1,521.25 and a 1-year high of $2,075.92.

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

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.