Adalta Capital Management LLC Raises Position in Markel Group Inc. $MKL

Adalta Capital Management LLC lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,591 shares of the insurance provider’s stock after purchasing an additional 25 shares during the period. Markel Group accounts for 2.6% of Adalta Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Adalta Capital Management LLC’s holdings in Markel Group were worth $4,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Markel Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,158,510 shares of the insurance provider’s stock worth $2,165,962,000 after purchasing an additional 7,914 shares during the last quarter. Davis Selected Advisers increased its stake in shares of Markel Group by 0.3% during the 1st quarter. Davis Selected Advisers now owns 371,469 shares of the insurance provider’s stock worth $694,502,000 after purchasing an additional 947 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of Markel Group during the 1st quarter worth approximately $357,512,000. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Markel Group by 20.1% during 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 purchasing an additional 24,487 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Markel Group by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider’s stock worth $222,177,000 after purchasing an additional 2,187 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Argus upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,820.33.

Markel Group Stock Down 2.3%

Shares of NYSE:MKL opened at $1,912.76 on Monday. The firm has a fifty day moving average price of $1,972.89 and a two-hundred day moving average price of $1,904.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. Markel Group Inc. has a one year low of $1,494.00 and a one year high of $2,075.92. The company has a market cap of $24.20 billion, a price-to-earnings ratio of 11.47 and a beta of 0.82.

Markel Group (NYSE:MKL) last posted its quarterly earnings data 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 net margin of 13.39% and a return on equity of 7.18%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm posted $18.62 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. Analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.