Vanguard Personalized Indexing Management LLC Boosts Holdings in Markel Group Inc. $MKL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Markel Group Inc. by 28.6% in the second quarter, now holding 1,021 shares valued at approximately $2,040,000.
• Markel Group reported $25.46 earnings per share for the last quarter, exceeding analyst expectations of $24.74 and achieving a 24.3% year-over-year revenue growth.
• As of the latest reports, two analysts have rated Markel Group's stock as a Buy and three as Hold, giving it an average rating of Hold with a target price of $1,930.50.

Vanguard Personalized Indexing Management LLC boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,021 shares of the insurance provider's stock after acquiring an additional 227 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Markel Group were worth $2,040,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC bought a new stake in shares of Markel Group in the 1st quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC increased its position in Markel Group by 183.3% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Markel Group in the first quarter valued at $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Markel Group in the second quarter valued at $38,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Markel Group during the 1st quarter valued at $54,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

Shares of MKL opened at $1,883.01 on Friday. The stock's 50-day simple moving average is $1,937.51 and its 200 day simple moving average is $1,916.64. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 11.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. 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 posted its earnings results 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. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business 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 firm earned $18.62 EPS. The company's quarterly revenue was up 24.3% compared to the same quarter last year. Research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MKL. Weiss Ratings reissued a "buy (b)" rating on shares of Markel Group in a report on Wednesday, October 8th. Cowen reiterated a "hold" rating on shares of Markel Group in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1,930.50.

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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