Vontobel Holding Ltd. Has $374,000 Stock Holdings in Markel Group Inc. $MKL

Vontobel Holding Ltd. lessened its holdings in Markel Group Inc. (NYSE:MKL) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187 shares of the insurance provider’s stock after selling 12 shares during the period. Vontobel Holding Ltd.’s holdings in Markel Group were worth $374,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Markel Group during the first quarter worth approximately $115,000. GAMMA Investing LLC increased its holdings in shares of Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after buying an additional 7 shares in the last quarter. Check Capital Management Inc. CA increased its holdings in shares of Markel Group by 2.5% during the first quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider’s stock worth $147,860,000 after buying an additional 1,921 shares in the last quarter. Values Added Financial LLC increased its holdings in shares of Markel Group by 42.0% during the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 447 shares in the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Markel Group during the first quarter worth approximately $267,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,930.50.

Markel Group Trading Up 1.3%

Shares of NYSE MKL opened at $1,953.83 on Wednesday. The company’s fifty day moving average is $1,938.58 and its 200-day moving average is $1,916.53. The stock has a market cap of $24.72 billion, a price-to-earnings ratio of 11.72 and a beta of 0.78. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last announced its quarterly 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 company had revenue of $4.82 billion for 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 business’s quarterly revenue 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 predict 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.