Investidor Profissional Gestao de Recursos Ltda. Takes Position in Markel Group Inc. $MKL

Investidor Profissional Gestao de Recursos Ltda. purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 189 shares of the insurance provider’s stock, valued at approximately $378,000. Markel Group makes up 0.2% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 18th biggest position.

Several other hedge funds have also bought and sold shares of the stock. LGT Fund Management Co Ltd. purchased a new position in Markel Group in the second quarter valued at $793,000. OLD National Bancorp IN acquired a new stake in shares of Markel Group during the 2nd quarter valued at about $310,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Markel Group in the 2nd quarter valued at about $234,000. Jump Financial LLC purchased a new position in shares of Markel Group in the 1st quarter valued at about $408,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Markel Group by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,739 shares of the insurance provider’s stock worth $113,558,000 after purchasing an additional 2,817 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MKL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research note on Tuesday, November 11th. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,930.50.

Markel Group Stock Performance

NYSE:MKL opened at $2,052.25 on Wednesday. The company has a market cap of $25.88 billion, a P/E ratio of 12.85 and a beta of 0.77. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,109.91. The company’s 50-day moving average price is $1,946.91 and its 200-day moving average price is $1,949.30. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. On average, sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.