Ashton Thomas Securities LLC Boosts Stock Holdings in Markel Group Inc. $MKL

Ashton Thomas Securities LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,103 shares of the insurance provider’s stock after acquiring an additional 24 shares during the period. Markel Group accounts for 1.0% of Ashton Thomas Securities LLC’s holdings, making the stock its 20th largest position. Ashton Thomas Securities LLC’s holdings in Markel Group were worth $4,200,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Markel Group during the first quarter worth $115,000. GAMMA Investing LLC grew its stake in Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock valued at $116,000 after acquiring an additional 7 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Markel Group in the 1st quarter valued at about $372,000. Check Capital Management Inc. CA lifted its stake in Markel Group by 2.5% in the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider’s stock worth $147,860,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Values Added Financial LLC boosted its holdings in shares of Markel Group by 42.0% during the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $2,825,000 after purchasing an additional 447 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

NYSE:MKL opened at $1,922.44 on Friday. 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 quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $24.32 billion, a PE ratio of 11.53 and a beta of 0.78. The stock has a 50 day moving average price of $1,944.65 and a 200 day moving average price of $1,911.08.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the business earned $18.62 EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. Equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal 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.