Markel Group Inc. $MKL Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Markel Group Inc. (NYSE:MKL) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,741 shares of the insurance provider’s stock after purchasing an additional 6 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Markel Group were worth $3,507,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MKL. Select Equity Group L.P. acquired a new position in shares of Markel Group during the first quarter valued at $357,512,000. Epoch Investment Partners Inc. boosted its holdings in shares of Markel Group by 49.5% during the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after acquiring an additional 35,786 shares during the period. Nuveen LLC acquired a new position in shares of Markel Group during the first quarter valued at $45,796,000. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 20.1% during the first 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 period. Finally, TD Asset Management Inc boosted its holdings in shares of Markel Group by 34.0% during the first quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock valued at $128,323,000 after acquiring an additional 17,413 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

MKL stock opened at $1,878.64 on Friday. The company has a market capitalization of $23.76 billion, a P/E ratio of 11.27 and a beta of 0.78. The company has a 50-day simple moving average of $1,932.88 and a 200 day simple moving average of $1,923.36. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week 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 posted 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 during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $18.62 earnings per share. Sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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