Markel Group Inc. $MKL is DAVENPORT & Co LLC’s 4th Largest Position

DAVENPORT & Co LLC increased its position in Markel Group Inc. (NYSE:MKL) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 204,702 shares of the insurance provider’s stock after purchasing an additional 1,383 shares during the period. Markel Group comprises about 2.2% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 4th biggest holding. DAVENPORT & Co LLC owned 1.61% of Markel Group worth $408,364,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MKL. Sierra Ocean LLC purchased a new position in shares of Markel Group during the first quarter valued at $28,000. Cary Street Partners Investment Advisory LLC boosted its position in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Markel Group during the 1st quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at about $38,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Markel Group in the first quarter worth approximately $54,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 1.2%

MKL opened at $1,943.85 on Monday. The company has a market capitalization of $24.59 billion, a PE ratio of 11.66 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92. The business has a 50-day moving average of $1,943.03 and a 200-day moving average of $1,912.64.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,820.33.

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.