Markel Group Inc. $MKL Shares Acquired by Northstar Group Inc.

Northstar Group Inc. increased its holdings in Markel Group Inc. (NYSE:MKL) by 13.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,461 shares of the insurance provider’s stock after buying an additional 300 shares during the period. Northstar Group Inc.’s holdings in Markel Group were worth $4,916,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MKL. Select Equity Group L.P. bought a new stake in Markel Group in the 1st quarter valued at about $357,512,000. Epoch Investment Partners Inc. lifted its position in Markel Group by 49.5% in the 1st 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 bought a new stake in Markel Group in the 1st quarter valued at about $45,796,000. Van Lanschot Kempen Investment Management N.V. lifted its position in 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 valued at $273,105,000 after purchasing an additional 24,487 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in Markel Group by 34.0% in the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock valued at $128,323,000 after purchasing an additional 17,413 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Down 1.3%

Shares of NYSE:MKL opened at $1,886.29 on Thursday. The company has a market cap of $23.86 billion, a PE ratio of 11.31 and a beta of 0.78. The company’s 50-day moving average price is $1,946.30 and its 200 day moving average price is $1,910.66. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two 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.

Markel Group (NYSE:MKL) last released 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 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 EPS. Markel Group’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.