Blue Zone Wealth Advisors LLC Buys 38 Shares of Markel Group Inc. $MKL

Blue Zone Wealth Advisors LLC increased its stake in Markel Group Inc. (NYSE:MKL) by 1.0% during the 2nd quarter, Holdings Channel reports. The firm owned 3,697 shares of the insurance provider’s stock after purchasing an additional 38 shares during the quarter. Markel Group comprises approximately 1.8% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Markel Group were worth $7,384,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Callan Family Office LLC bought a new position in shares of Markel Group in the second quarter worth approximately $795,000. Blair William & Co. IL lifted its position in Markel Group by 4.0% in the 2nd quarter. Blair William & Co. IL now owns 10,488 shares of the insurance provider’s stock worth $20,948,000 after buying an additional 405 shares during the last quarter. US Bancorp DE lifted its position in Markel Group by 2.1% in the 2nd quarter. US Bancorp DE now owns 2,275 shares of the insurance provider’s stock worth $4,544,000 after buying an additional 46 shares during the last quarter. Baxter Bros Inc. lifted its position in Markel Group by 1.0% in the 2nd quarter. Baxter Bros Inc. now owns 637 shares of the insurance provider’s stock worth $1,272,000 after buying an additional 6 shares during the last quarter. Finally, Narwhal Capital Management bought a new stake in Markel Group in the 2nd quarter worth approximately $210,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 1.3%

Shares of Markel Group stock opened at $1,920.98 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. Markel Group Inc. has a 52-week low of $1,521.25 and a 52-week high of $2,075.92. The company’s 50 day moving average price is $1,938.63 and its 200-day moving average price is $1,915.09. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 11.52 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm earned $18.62 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. 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 MKL shares. Cowen restated a “hold” rating on shares of Markel Group in a research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.