Asset Management One Co. Ltd. Raises Holdings in Markel Group Inc. $MKL

Asset Management One Co. Ltd. increased its stake in Markel Group Inc. (NYSE:MKL) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,111 shares of the insurance provider’s stock after acquiring an additional 20 shares during the period. Asset Management One Co. Ltd.’s holdings in Markel Group were worth $10,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Draper Asset Management LLC purchased a new position in Markel Group in the second quarter worth about $737,000. Tributary Capital Management LLC grew its position in Markel Group by 3.9% in the second quarter. Tributary Capital Management LLC now owns 875 shares of the insurance provider’s stock worth $1,748,000 after acquiring an additional 33 shares in the last quarter. Ethic Inc. grew its position in Markel Group by 11.8% in the second quarter. Ethic Inc. now owns 1,091 shares of the insurance provider’s stock worth $2,166,000 after acquiring an additional 115 shares in the last quarter. Denali Advisors LLC purchased a new position in Markel Group in the second quarter worth about $282,000. Finally, DekaBank Deutsche Girozentrale grew its position in Markel Group by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,741 shares of the insurance provider’s stock worth $3,507,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,930.50.

Markel Group Stock Up 0.2%

Shares of NYSE MKL opened at $1,882.31 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 11.29 and a beta of 0.78. The stock has a 50 day moving average price of $1,932.03 and a 200 day moving average price of $1,924.93. Markel Group Inc. has a 52-week low of $1,521.25 and a 52-week 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, beating analysts’ consensus estimates of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.Markel Group’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $18.62 earnings per share. Sell-side analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Markel Group Company 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.