Markel Group Inc. $MKL is Van Lanschot Kempen Investment Management N.V.'s 9th Largest Position

Key Points

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Van Lanschot Kempen Investment Management N.V. boosted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 20.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,076 shares of the insurance provider's stock after purchasing an additional 24,487 shares during the period. Markel Group makes up about 2.9% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 9th largest holding. Van Lanschot Kempen Investment Management N.V. owned 1.15% of Markel Group worth $273,105,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MKL. GAMMA Investing LLC lifted its position in Markel Group by 210,656.4% in the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after purchasing an additional 115,861 shares during the period. Nuveen LLC acquired a new stake in Markel Group in the first quarter worth approximately $45,796,000. TD Asset Management Inc lifted its position in Markel Group by 34.0% in the first quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider's stock worth $128,323,000 after purchasing an additional 17,413 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Markel Group by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock worth $174,425,000 after purchasing an additional 15,916 shares during the period. Finally, Rockbridge Capital Management LLC acquired a new stake in Markel Group in the fourth quarter worth approximately $24,834,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Argus upgraded 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,820.33.

Markel Group Trading Up 1.2%

Shares of Markel Group stock traded up $24.1730 on Friday, reaching $1,993.5630. 37,991 shares of the company were exchanged, compared to its average volume of 47,034. The stock has a fifty day moving average price of $1,976.11 and a 200-day moving average price of $1,901.37. The firm has a market capitalization of $25.22 billion, a price-to-earnings ratio of 11.96 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a fifty-two week low of $1,494.00 and a fifty-two week high of $2,075.92.

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

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.