Markel Group Inc. $MKL Stock Holdings Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 11.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116 shares of the insurance provider’s stock after selling 15 shares during the quarter. Park Avenue Securities LLC’s holdings in Markel Group were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKL. Vanguard Group Inc. increased its position in shares of Markel Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock valued at $2,165,962,000 after purchasing an additional 7,914 shares during the period. Davis Selected Advisers boosted its stake in Markel Group by 0.3% during the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock valued at $694,502,000 after buying an additional 947 shares in the last quarter. Select Equity Group L.P. acquired a new position in Markel Group during the first quarter worth about $357,512,000. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 20.1% in the 1st 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 acquiring an additional 24,487 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Markel Group by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider’s stock valued at $222,177,000 after acquiring an additional 2,187 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $1,886.29 on Thursday. 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 moving average is $1,946.30 and its 200-day moving average is $1,910.66. Markel Group Inc. has a 12-month low of $1,521.25 and a 12-month high of $2,075.92. The stock has a market capitalization of $23.86 billion, a P/E ratio of 11.31 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share 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 analysts’ expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the firm posted $18.62 earnings per share. Equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal 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.