Markel Group Inc. $MKL Shares Purchased by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 20.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,076 shares of the insurance provider's stock after purchasing an additional 24,487 shares during the period. Markel Group accounts for 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 about 1.15% of Markel Group worth $273,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of MKL. Sierra Ocean LLC bought a new position in Markel Group in the 1st quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC raised its position in Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group in the 1st quarter worth approximately $32,000. ST Germain D J Co. Inc. raised its position in Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after purchasing an additional 15 shares during the last quarter. Finally, McIlrath & Eck LLC grew its holdings in Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after acquiring an additional 26 shares during the period. Institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

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

Markel Group Trading Up 1.2%

Shares of MKL stock traded up $24.1730 on Friday, hitting $1,993.5630. The stock had a trading volume of 37,991 shares, compared to its average volume of 56,926. Markel Group Inc. has a twelve month low of $1,494.00 and a twelve month high of $2,075.92. The firm has a market cap of $25.22 billion, a P/E 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. The company has a fifty day moving average price of $1,976.11 and a two-hundred day moving average price of $1,902.16.

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 the consensus estimate of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business earned $18.62 EPS. The firm's revenue was up 24.3% on a year-over-year basis. As a group, analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.