UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 480 Shares of Markel Group Inc. $MKL

Key Points

• UBS AM increased its stake in Markel Group Inc. by 0.5% in the first quarter, owning approximately 101,524 shares valued at $189.81 million.
• Several institutional investors have also adjusted their positions in Markel Group, with significant increases in holdings noted by firms such as GAMMA Investing LLC (12.7% increase) and Checchi Capital Advisers LLC (5.8% increase).
• Markel Group reported earnings of $25.46 per share, surpassing analyst expectations, and had a revenue increase of 24.3% year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,524 shares of the insurance provider's stock after buying an additional 480 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.80% of Markel Group worth $189,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MKL. Select Equity Group L.P. purchased a new stake in shares of Markel Group in the 1st quarter worth about $357,512,000. GAMMA Investing LLC grew its position in shares of Markel Group by 210,656.4% in the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after buying an additional 115,861 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Markel Group by 49.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider's stock worth $201,953,000 after buying an additional 35,786 shares during the period. Nuveen LLC purchased a new stake in shares of Markel Group in the 1st quarter worth about $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in shares of Markel Group by 20.1% in the 1st 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. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Up 0.6%

NYSE:MKL traded up $12.31 on Wednesday, reaching $1,929.52. 11,112 shares of the stock traded hands, compared to its average volume of 54,936. The company's fifty day simple moving average is $1,965.13 and its 200 day simple moving average is $1,906.83. 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 $24.41 billion, a price-to-earnings ratio of 11.58 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92.

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

Analyst Ratings Changes

Separately, Argus raised shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus 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.