2,185 Shares in Markel Group Inc. (NYSE:MKL) Acquired by True North Advisors LLC
True North Advisors LLC acquired 2,185 shares of Markel Group Inc. (NYSE:MKL) valued at approximately $4.08 million, representing 0.7% of its portfolio. Other institutional investors have also increased their holdings in Markel Group. The stock opened at $1,911.87, with a market cap of $24.19 billion. Markel reported a quarterly EPS of $25.46, exceeding estimates, and a revenue of $4.82 billion, up 24.3% year-over-year. Analysts have a consensus rating of "Hold" for the stock, with a price target of $1,820.33.
True North Advisors LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,185 shares of the insurance provider's stock, valued at approximately $4,085,000. Markel Group accounts for 0.7% of True North Advisors LLC's portfolio, making the stock its 28th largest holding.
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A number of other institutional investors have also recently bought and sold shares of MKL. GAMMA Investing LLC grew its holdings in Markel Group by 210,656.4% during the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after acquiring an additional 115,861 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its holdings in Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after acquiring an additional 19,657 shares during the period. TD Asset Management Inc grew its holdings in Markel Group by 34.0% during the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider's stock worth $128,323,000 after acquiring an additional 17,413 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Markel Group by 18.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock valued at $174,425,000 after buying an additional 15,916 shares during the period. Finally, Rockbridge Capital Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at $24,834,000. Institutional investors and hedge funds own 77.12% of the company's stock.
Markel Group Trading Up 0.7%
MKL opened at $1,911.87 on Friday. The stock has a market capitalization of $24.19 billion, a P/E ratio of 11.47 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,494.00 and a 12 month high of $2,075.92. The firm's fifty day simple moving average is $1,974.75 and its 200 day simple moving average is $1,893.36. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.
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Markel Group (NYSE:MKL - Get Free Report) 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. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The firm had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same period in the previous year, the firm posted $18.62 EPS. The company's revenue for the quarter was up 24.3% on a year-over-year basis. As a group, research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,820.33.
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View Our Latest Stock Report on Markel Group
Insider Buying and Selling
In other news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the sale, the director directly owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by company insiders.
About Markel Group
(Free Report)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.
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