Ballentine Partners LLC Purchases New Stake in Markel Group Inc. $MKL

Ballentine Partners LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 105 shares of the insurance provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC grew its stake in Markel Group by 0.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider’s stock worth $1,642,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC grew its stake in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after buying an additional 7 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in Markel Group by 1.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider’s stock worth $1,223,000 after buying an additional 7 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in Markel Group by 5.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 128 shares of the insurance provider’s stock worth $239,000 after buying an additional 7 shares during the last quarter. Finally, MainStreet Investment Advisors LLC grew its stake in Markel Group by 2.3% during the 1st quarter. MainStreet Investment Advisors LLC now owns 359 shares of the insurance provider’s stock worth $671,000 after buying an additional 8 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

Shares of MKL opened at $1,901.25 on Tuesday. The company has a market cap of $24.05 billion, a P/E ratio of 11.40 and a beta of 0.82. The stock has a fifty day moving average price of $1,951.29 and a 200 day moving average price of $1,910.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. 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) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. The firm had revenue of $4.82 billion during 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 firm’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business earned $18.62 EPS. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share 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.