Chicago Partners Investment Group LLC Purchases Shares of 107 Markel Group Inc. $MKL

Chicago Partners Investment Group LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 107 shares of the insurance provider’s stock, valued at approximately $217,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Markel Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock worth $2,165,962,000 after buying an additional 7,914 shares in the last quarter. Davis Selected Advisers raised its holdings in Markel Group by 0.3% in the 1st quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock valued at $694,502,000 after acquiring an additional 947 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Markel Group by 0.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock valued at $408,364,000 after acquiring an additional 1,383 shares in the last quarter. Select Equity Group L.P. acquired a new position in Markel Group in the 1st quarter valued at approximately $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. raised 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 in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 0.9%

Shares of MKL opened at $1,878.64 on Friday. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.78. 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 Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a 50-day moving average price of $1,932.88 and a two-hundred day moving average price of $1,923.36.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $18.62 earnings per share. Markel Group’s quarterly revenue was up 24.3% compared to the same quarter last year. Equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Cowen reaffirmed a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.