Markel Group Inc. $MKL Shares Acquired by Strategent Financial LLC

Strategent Financial LLC increased its position in shares of Markel Group Inc. (NYSE:MKL) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757 shares of the insurance provider’s stock after buying an additional 20 shares during the period. Markel Group comprises approximately 1.2% of Strategent Financial LLC’s holdings, making the stock its 17th biggest holding. Strategent Financial LLC’s holdings in Markel Group were worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MKL. Sierra Ocean LLC purchased a new stake in shares of Markel Group during the first quarter worth about $28,000. Cary Street Partners Investment Advisory LLC increased its holdings in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Markel Group during the 1st quarter worth approximately $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at approximately $38,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Markel Group during the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Cowen reissued 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 stock. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average target price of $1,930.50.

Markel Group Trading Up 1.3%

Markel Group stock opened at $1,953.83 on Wednesday. Markel Group Inc. has a 1 year low of $1,521.25 and a 1 year high of $2,075.92. The firm’s 50-day moving average is $1,938.58 and its 200-day moving average is $1,916.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $24.72 billion, a P/E ratio of 11.72 and a beta of 0.78.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $18.62 EPS. On average, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.