Markel Group Inc. $MKL Shares Purchased by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN raised its position in shares of Markel Group Inc. (NYSE:MKL) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,145 shares of the insurance provider’s stock after acquiring an additional 70 shares during the quarter. Markel Group makes up about 3.2% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 10th largest holding. Kirr Marbach & Co. LLC IN owned 0.06% of Markel Group worth $16,268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MKL. Vanguard Group Inc. boosted its position in shares of Markel Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock valued at $2,165,962,000 after acquiring an additional 7,914 shares during the last quarter. Davis Selected Advisers raised its stake in Markel Group by 0.3% during 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 period. Select Equity Group L.P. acquired a new position in Markel Group in the 1st quarter valued at about $357,512,000. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of 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 buying an additional 24,487 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Markel Group by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider’s stock worth $222,177,000 after buying an additional 2,187 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,820.33.

Markel Group Stock Up 0.6%

Shares of MKL opened at $1,915.02 on Friday. The company’s 50-day simple moving average is $1,953.28 and its 200-day simple moving average is $1,909.18. 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 $1,521.25 and a 1 year high of $2,075.92. The stock has a market capitalization of $24.23 billion, a PE ratio of 11.49 and a beta of 0.82.

Markel Group (NYSE:MKL) last announced its earnings results 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. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $18.62 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.