AMF Tjanstepension AB Purchases New Holdings in Markel Group Inc. $MKL

AMF Tjanstepension AB bought a new position in Markel Group Inc. (NYSE:MKL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,245 shares of the insurance provider’s stock, valued at approximately $6,481,000.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Markel Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock worth $2,165,962,000 after buying an additional 7,914 shares during the last quarter. Davis Selected Advisers increased its position in Markel Group by 0.3% in the first quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock worth $694,502,000 after buying an additional 947 shares during the last quarter. Select Equity Group L.P. purchased a new stake in Markel Group in the first quarter worth $357,512,000. Van Lanschot Kempen Investment Management N.V. increased its position in Markel Group by 20.1% in 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 last quarter. Finally, Dimensional Fund Advisors LP increased its position in Markel Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider’s stock worth $222,177,000 after buying an additional 2,187 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

Markel Group stock opened at $1,943.85 on Friday. Markel Group Inc. has a one year low of $1,521.25 and a one year high of $2,075.92. The business has a fifty day moving average price of $1,943.03 and a 200-day moving average price of $1,911.77. 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 firm has a market capitalization of $24.59 billion, a P/E ratio of 11.66 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping analysts’ consensus estimates of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $18.62 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Markel Group in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus price target of $1,820.33.

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.