Markel Group Inc. $MKL Shares Purchased by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,105 shares of the insurance provider’s stock after buying an additional 48 shares during the quarter. Markel Group makes up 2.5% of Buttonwood Financial Advisors Inc.’s portfolio, making the stock its 12th largest position. Buttonwood Financial Advisors Inc.’s holdings in Markel Group were worth $6,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Ballentine Partners LLC purchased a new stake in Markel Group in the 2nd quarter worth approximately $210,000. Banyan Capital Management Inc. grew its stake in Markel Group by 1.7% in the 2nd quarter. Banyan Capital Management Inc. now owns 10,792 shares of the insurance provider’s stock worth $21,556,000 after acquiring an additional 181 shares during the period. GAMMA Investing LLC grew its stake in Markel Group by 16.1% in the 2nd quarter. GAMMA Investing LLC now owns 72 shares of the insurance provider’s stock worth $144,000 after acquiring an additional 10 shares during the period. Clear Harbor Asset Management LLC grew its stake in Markel Group by 0.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,092 shares of the insurance provider’s stock worth $8,173,000 after acquiring an additional 18 shares during the period. Finally, Tran Capital Management L.P. purchased a new stake in Markel Group in the 2nd quarter worth approximately $541,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Markel Group has an average rating of “Hold” and an average price target of $1,820.33.

Markel Group Trading Up 0.9%

MKL stock opened at $1,939.90 on Wednesday. The company has a market cap of $24.54 billion, a price-to-earnings ratio of 11.63 and a beta of 0.82. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $1,959.27 and a 200-day simple moving average of $1,908.00. 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 released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $18.62 EPS. On average, equities research analysts expect 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.