Markel Group Inc. $MKL Shares Bought by Solitude Financial Services

Solitude Financial Services boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,200 shares of the insurance provider’s stock after acquiring an additional 69 shares during the quarter. Markel Group comprises 0.9% of Solitude Financial Services’ holdings, making the stock its 17th largest holding. Solitude Financial Services’ holdings in Markel Group were worth $2,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS increased its stake in Markel Group by 1.8% during the second quarter. KLP Kapitalforvaltning AS now owns 4,600 shares of the insurance provider’s stock worth $9,188,000 after acquiring an additional 80 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its position in shares of Markel Group by 1.1% during the second quarter. Mraz Amerine & Associates Inc. now owns 18,885 shares of the insurance provider’s stock worth $37,720,000 after buying an additional 207 shares during the period. Capital Advisors Inc. OK purchased a new position in shares of Markel Group during the second quarter worth $458,000. DAVENPORT & Co LLC boosted its position in shares of Markel Group by 0.7% during 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. Finally, OLD National Bancorp IN purchased a new position in shares of Markel Group during the second quarter worth $310,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 1.0%

Shares of NYSE MKL opened at $1,959.98 on Tuesday. The company has a market capitalization of $24.79 billion, a price-to-earnings ratio of 11.75 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. The business has a 50-day moving average of $1,942.03 and a two-hundred day moving average of $1,913.53. Markel Group Inc. has a 1 year low of $1,521.25 and a 1 year high of $2,075.92.

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

Analysts Set New Price Targets

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

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.