Creative Planning Purchases 180 Shares of Markel Group Inc. $MKL

Creative Planning grew its position in Markel Group Inc. (NYSE:MKL) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,781 shares of the insurance provider’s stock after acquiring an additional 180 shares during the quarter. Creative Planning’s holdings in Markel Group were worth $11,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Select Equity Group L.P. bought a new stake in Markel Group in the first quarter worth $357,512,000. Epoch Investment Partners Inc. lifted its position in Markel Group by 49.5% during the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after purchasing an additional 35,786 shares during the last quarter. Nuveen LLC purchased a new position in shares of Markel Group in the 1st quarter worth $45,796,000. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Markel Group by 20.1% in 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 in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Markel Group by 34.0% in the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock worth $128,323,000 after buying an additional 17,413 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 0.5%

MKL stock opened at $2,052.25 on Wednesday. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,109.91. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 12.85 and a beta of 0.77. 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 firm’s fifty day simple moving average is $1,946.91 and its two-hundred day simple moving average is $1,949.30.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. As a group, analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analyst Weigh In

MKL has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research report on Tuesday, November 11th. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.