Wedmont Private Capital Takes $224,000 Position in Markel Group Inc. $MKL

Wedmont Private Capital acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 112 shares of the insurance provider’s stock, valued at approximately $224,000.

A number of other hedge funds also recently made changes to their positions in the company. Select Equity Group L.P. acquired a new stake in shares of Markel Group during the first quarter worth approximately $357,512,000. GAMMA Investing LLC boosted its holdings 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. Epoch Investment Partners Inc. lifted its stake in Markel Group by 49.5% in the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after buying an additional 35,786 shares during the last quarter. Nuveen LLC bought a new stake in Markel Group in the first quarter valued at $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Markel Group by 20.1% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock valued at $273,105,000 after buying an additional 24,487 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

NYSE MKL opened at $1,935.29 on Monday. The stock’s 50-day moving average price is $1,961.90 and its two-hundred day moving average price is $1,907.63. 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 cap of $24.48 billion, a PE ratio of 11.61 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) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 7.18% and a net margin of 13.39%.The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $18.62 EPS. On average, analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,820.33.

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.