Wealth Alliance LLC Makes New Investment in Markel Group Inc. $MKL

Wealth Alliance LLC bought a new stake in Markel Group Inc. (NYSE:MKL) during the second quarter, Holdings Channel reports. The institutional investor bought 149 shares of the insurance provider’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Select Equity Group L.P. purchased a new stake in shares of Markel Group in the first quarter valued at about $357,512,000. Epoch Investment Partners Inc. lifted its holdings in shares of Markel Group by 49.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after buying an additional 35,786 shares during the period. Nuveen LLC purchased a new stake in shares of Markel Group during the 1st quarter worth $45,796,000. Van Lanschot Kempen Investment Management N.V. grew its position in Markel Group by 20.1% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock worth $273,105,000 after buying an additional 24,487 shares during the period. Finally, TD Asset Management Inc increased its stake in Markel Group by 34.0% in 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 in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research report on Tuesday. Cowen reaffirmed a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,930.50.

Markel Group Price Performance

Markel Group stock opened at $2,084.55 on Friday. The firm’s 50-day moving average is $1,939.16 and its two-hundred day moving average is $1,943.03. 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 stock has a market capitalization of $26.29 billion, a P/E ratio of 13.05 and a beta of 0.77. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,109.91.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. Equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.