Markel Group Inc. $MKL Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Markel Group Inc. (NYSE:MKL) by 21.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209 shares of the insurance provider’s stock after buying an additional 214 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Markel Group were worth $2,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MKL. Select Equity Group L.P. acquired a new stake in Markel Group in the first quarter valued at $357,512,000. Epoch Investment Partners Inc. raised its stake in Markel Group by 49.5% in the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after buying an additional 35,786 shares in the last quarter. Nuveen LLC acquired a new stake in Markel Group in the first quarter valued at $45,796,000. Van Lanschot Kempen Investment Management N.V. raised its stake 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 valued at $273,105,000 after buying an additional 24,487 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in Markel Group by 34.0% in the first quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock valued at $128,323,000 after buying an additional 17,413 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

NYSE MKL opened at $1,964.65 on Wednesday. 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 Inc. has a 52-week low of $1,521.25 and a 52-week high of $2,075.92. The business’s 50-day moving average price is $1,940.98 and its 200 day moving average price is $1,913.88. The firm has a market cap of $24.85 billion, a P/E ratio of 11.78 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (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 for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company posted $18.62 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. On average, equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analysts Set New Price Targets

MKL has been the topic of a number of research analyst reports. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,820.33.

Markel Group 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.