202 Shares in Markel Group Inc. $MKL Bought by Elm Partners Management LLC

Elm Partners Management LLC bought a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, HoldingsChannel reports. The firm bought 202 shares of the insurance provider’s stock, valued at approximately $403,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Markel Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock worth $2,165,962,000 after purchasing an additional 7,914 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of Markel Group by 0.3% in the 1st 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 in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Markel Group by 0.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock worth $408,364,000 after purchasing an additional 1,383 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of Markel Group in the 1st quarter worth $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings 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 worth $273,105,000 after purchasing an additional 24,487 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. 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, the company has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group Trading Up 1.9%

NYSE MKL opened at $1,974.99 on Friday. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 12.36 and a beta of 0.78. Markel Group Inc. has a one year low of $1,521.25 and a one year 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. The business’s fifty day moving average is $1,925.73 and its 200-day moving average is $1,928.22.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. Equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

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.