Lawson Kroeker Investment Management Inc. NE Decreases Stake in Markel Group Inc. $MKL

Lawson Kroeker Investment Management Inc. NE cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,053 shares of the insurance provider’s stock after selling 7 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Markel Group were worth $2,103,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MKL. Vanguard Group Inc. grew its stake in Markel Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock valued at $2,165,962,000 after purchasing an additional 7,914 shares during the last quarter. Davis Selected Advisers lifted its holdings in shares of Markel Group by 0.3% during the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock worth $694,502,000 after purchasing an additional 947 shares during the period. DAVENPORT & Co LLC boosted its position in Markel Group by 0.7% in the second quarter. DAVENPORT & Co LLC now owns 204,702 shares of the insurance provider’s stock valued at $408,364,000 after buying an additional 1,383 shares during the last quarter. Select Equity Group L.P. acquired a new position in Markel Group in the 1st quarter worth approximately $357,512,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in 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 worth $273,105,000 after buying an additional 24,487 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Down 1.3%

Shares of MKL stock opened at $1,920.98 on Friday. The stock has a 50 day simple moving average of $1,938.63 and a 200-day simple moving average of $1,915.42. Markel Group Inc. has a 1-year low of $1,521.25 and a 1-year high of $2,075.92. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 11.52 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. 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 posted $18.62 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on MKL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday. Cowen reissued a “hold” rating on shares of Markel Group in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Markel Group has an average rating of “Hold” and an average price target 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.