Chilton Capital Management LLC Purchases Shares of 16 Markel Group Inc. $MKL

Chilton Capital Management LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16 shares of the insurance provider’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Markel Group in the first quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Markel Group by 183.3% in the first 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 in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Markel Group in the 1st quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Markel Group during the 2nd quarter valued at $38,000. Finally, Wayfinding Financial LLC purchased a new stake in Markel Group during the 1st quarter worth $54,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Down 0.9%

NYSE MKL opened at $1,878.64 on Monday. The company’s fifty day moving average price is $1,932.88 and its two-hundred day moving average price is $1,924.29. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. 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 (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company posted $18.62 earnings per share. As a group, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research reports. Cowen reissued a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,930.50.

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.