Chilton Capital Management LLC Acquires New Position in Markel Group Inc. $MKL

Chilton Capital Management LLC bought a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, Holdings Channel reports. The institutional investor bought 16 shares of the insurance provider’s stock, valued at approximately $32,000.

Several other institutional investors also recently made changes to their positions in MKL. Resonant Capital Advisors LLC raised its position in shares of Markel Group by 4.3% during the 2nd quarter. Resonant Capital Advisors LLC now owns 682 shares of the insurance provider’s stock worth $1,362,000 after purchasing an additional 28 shares during the period. Brighton Jones LLC increased its position in Markel Group by 60.8% in the second quarter. Brighton Jones LLC now owns 193 shares of the insurance provider’s stock worth $385,000 after buying an additional 73 shares during the period. AG2R LA Mondiale Gestion D Actifs lifted its stake in Markel Group by 7.6% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 595 shares of the insurance provider’s stock valued at $1,188,000 after buying an additional 42 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Markel Group during the second quarter valued at $296,000. Finally, AlphaQuest LLC grew its position in shares of Markel Group by 318.4% during the second quarter. AlphaQuest LLC now owns 862 shares of the insurance provider’s stock worth $1,722,000 after acquiring an additional 656 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Down 0.9%

Markel Group stock opened at $1,878.64 on Monday. Markel Group Inc. has a 52 week low of $1,521.25 and a 52 week high of $2,075.92. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.78. The company’s 50-day moving average price is $1,932.88 and its two-hundred day moving average price is $1,924.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.

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

Wall Street Analyst Weigh In

MKL has been the topic of several recent research reports. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.