Salomon & Ludwin LLC Raises Stock Position in Markel Group Inc. $MKL

Salomon & Ludwin LLC boosted its holdings in Markel Group Inc. (NYSE:MKL) by 13.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 215 shares of the insurance provider’s stock after buying an additional 25 shares during the period. Salomon & Ludwin LLC’s holdings in Markel Group were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MKL. Select Equity Group L.P. purchased a new stake in Markel Group in the 1st quarter worth $357,512,000. Epoch Investment Partners Inc. boosted its holdings in shares of Markel Group by 49.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after purchasing an additional 35,786 shares during the last quarter. Nuveen LLC bought a new position in shares of Markel Group during the 1st quarter valued at about $45,796,000. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock valued at $273,105,000 after purchasing an additional 24,487 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Markel Group by 34.0% during the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock valued at $128,323,000 after purchasing an additional 17,413 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.6%

Shares of NYSE:MKL opened at $1,892.07 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 11.35 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,521.25 and a 12 month high of $2,075.92. The company has a 50-day moving average price of $1,937.12 and a 200 day moving average price of $1,917.13.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.39% and a return on equity of 7.18%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm earned $18.62 earnings per share. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MKL has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,930.50.

About Markel Group

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.