Charles Schwab Investment Management Inc. Increases Stock Holdings in Markel Group Inc. $MKL

Charles Schwab Investment Management Inc. boosted its stake in Markel Group Inc. (NYSE:MKL) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,065 shares of the insurance provider’s stock after acquiring an additional 1,326 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.49% of Markel Group worth $123,966,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MKL. Brighton Jones LLC purchased a new position in shares of Markel Group in the fourth quarter valued at $236,000. Allianz Asset Management GmbH boosted its position in Markel Group by 6.0% in the 1st quarter. Allianz Asset Management GmbH now owns 1,230 shares of the insurance provider’s stock valued at $2,300,000 after buying an additional 70 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Markel Group by 0.8% during the first quarter. Cetera Investment Advisers now owns 1,662 shares of the insurance provider’s stock valued at $3,107,000 after acquiring an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Markel Group by 3.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,645 shares of the insurance provider’s stock worth $4,945,000 after acquiring an additional 89 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Markel Group by 8.0% in the first quarter. LPL Financial LLC now owns 6,656 shares of the insurance provider’s stock worth $12,445,000 after acquiring an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.4%

Shares of NYSE:MKL opened at $2,084.81 on Friday. The company’s fifty day moving average is $1,963.96 and its two-hundred day moving average is $1,956.92. 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 Inc. has a 1-year low of $1,621.89 and a 1-year high of $2,109.91. The stock has a market capitalization of $26.29 billion, a price-to-earnings ratio of 13.05 and a beta of 0.77.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,930.50.

Insider Activity

In related news, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer owned 1,770 shares in the company, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.66% of the company’s stock.

Markel Group 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.