Evelyn Partners Investment Management LLP Has $7.50 Million Holdings in Markel Group Inc. $MKL

Evelyn Partners Investment Management LLP boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6,375.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,756 shares of the insurance provider’s stock after purchasing an additional 3,698 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Markel Group were worth $7,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Markel Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 1,167,813 shares of the insurance provider’s stock valued at $2,332,543,000 after buying an additional 9,303 shares in the last quarter. Davis Selected Advisers grew its holdings in Markel Group by 0.3% during the 1st quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock worth $694,502,000 after acquiring an additional 947 shares during the last quarter. DAVENPORT & Co LLC increased its position in Markel Group by 0.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock valued at $408,364,000 after acquiring an additional 1,383 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of Markel Group in the first quarter worth about $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of 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 purchasing an additional 24,487 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

MKL stock opened at $2,036.00 on Friday. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,109.91. 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 company has a market cap of $25.67 billion, a P/E ratio of 12.75 and a beta of 0.77. The business’s fifty day moving average is $1,952.50 and its 200-day moving average is $1,951.76.

Markel Group (NYSE:MKL) last issued 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 analysts’ expectations of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. Equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a report 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 given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,930.50.

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.