Ameritas Advisory Services LLC Purchases Shares of 19 Markel Group Inc. $MKL

Ameritas Advisory Services LLC acquired a new position in Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19 shares of the insurance provider’s stock, valued at approximately $38,000.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Markel Group in the first quarter worth about $28,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Markel Group during the 1st quarter worth about $32,000. Wayfinding Financial LLC acquired a new position in shares of Markel Group during the 1st quarter worth about $54,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Markel Group during the 1st quarter worth about $64,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 1.3%

Shares of NYSE MKL opened at $1,953.83 on Wednesday. The company has a 50 day simple moving average of $1,938.58 and a 200-day simple moving average of $1,916.53. The company has a market capitalization of $24.72 billion, a P/E ratio of 11.72 and a beta of 0.78. 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 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 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 quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the company posted $18.62 EPS. On average, equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,930.50.

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.