Arkadios Wealth Advisors Makes New $216,000 Investment in Markel Group Inc. $MKL

Arkadios Wealth Advisors acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 108 shares of the insurance provider’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Markel Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock worth $2,165,962,000 after purchasing an additional 7,914 shares during the period. Davis Selected Advisers grew its holdings in shares of Markel Group by 0.3% in the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock worth $694,502,000 after purchasing an additional 947 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Markel Group by 0.7% in the second quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock worth $408,364,000 after buying an additional 1,383 shares during the period. Select Equity Group L.P. bought a new stake in Markel Group during the 1st quarter valued at $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in Markel Group by 20.1% during 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 buying an additional 24,487 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL opened at $2,008.41 on Friday. The firm’s 50-day simple moving average is $1,927.88 and its two-hundred day simple moving average is $1,933.20. Markel Group Inc. has a fifty-two week low of $1,620.61 and a fifty-two week high of $2,075.92. The stock has a market cap of $25.33 billion, a PE ratio of 12.57 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a return on equity of 7.91% and a net margin of 12.99%.The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MKL shares. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,930.50.

About Markel Group

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.