AlphaQuest LLC Grows Stake in Markel Group Inc. $MKL

AlphaQuest LLC grew its holdings in Markel Group Inc. (NYSE:MKL) by 318.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 862 shares of the insurance provider’s stock after acquiring an additional 656 shares during the quarter. AlphaQuest LLC’s holdings in Markel Group were worth $1,722,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Markel Group in the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC raised its stake 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 valued at $32,000 after acquiring an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Markel Group during the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC purchased a new stake in Markel Group during the 2nd quarter valued at approximately $38,000. Finally, Wayfinding Financial LLC purchased a new stake in Markel Group during the 1st quarter valued at approximately $54,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,878.64 on Friday. The business has a fifty day simple moving average of $1,932.88 and a 200-day simple moving average of $1,921.62. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. 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 $23.76 billion, a P/E ratio of 11.27 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 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.96 billion. During the same quarter in the previous year, the business earned $18.62 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. Equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price 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.