Hennessy Advisors Inc. Takes $9.19 Million Position in Markel Group Inc. $MKL

Hennessy Advisors Inc. purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,600 shares of the insurance provider’s stock, valued at approximately $9,188,000.

A number of other hedge funds also recently bought and sold shares of MKL. Mirae Asset Global Investments Co. Ltd. bought a new stake in Markel Group in the 1st quarter worth approximately $115,000. GAMMA Investing LLC lifted its position in Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after buying an additional 7 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in Markel Group in the 1st quarter worth approximately $372,000. Check Capital Management Inc. CA lifted its position in Markel Group by 2.5% in the 1st quarter. Check Capital Management Inc. CA now owns 79,086 shares of the insurance provider’s stock worth $147,860,000 after buying an additional 1,921 shares during the last quarter. Finally, Values Added Financial LLC lifted its position in Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 447 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,943.85 on Friday. 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 $1,521.25 and a one year high of $2,075.92. The stock has a market capitalization of $24.59 billion, a P/E ratio of 11.66 and a beta of 0.78. The business’s 50 day simple moving average is $1,943.03 and its two-hundred day simple moving average is $1,911.77.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $18.62 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average 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.