Markel Group Inc. $MKL Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Markel Group Inc. (NYSE:MKL) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72 shares of the insurance provider’s stock after purchasing an additional 10 shares during the period. GAMMA Investing LLC’s holdings in Markel Group were worth $144,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MKL. Select Equity Group L.P. purchased a new position in shares of Markel Group during the 1st quarter worth about $357,512,000. Epoch Investment Partners Inc. lifted its holdings in shares of Markel Group by 49.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock worth $201,953,000 after acquiring an additional 35,786 shares during the period. Nuveen LLC purchased a new position in shares of Markel Group during the 1st quarter worth about $45,796,000. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock worth $273,105,000 after acquiring an additional 24,487 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Markel Group by 34.0% during the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock worth $128,323,000 after acquiring an additional 17,413 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Down 0.7%

Shares of MKL stock opened at $1,901.25 on Tuesday. The firm has a market cap of $24.05 billion, a P/E ratio of 11.40 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. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s 50-day simple moving average is $1,951.29 and its 200-day simple moving average is $1,910.81.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $18.62 EPS. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Markel Group Company 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.