Fenimore Asset Management Inc. Has $114.17 Million Stake in Markel Group Inc. (NYSE:MKL)

Fenimore Asset Management Inc. reduced its investment in shares of Markel Group Inc. by 1.0% in the first quarter, according to the latest report filed with the Securities & Exchange Commission. The company now owns 89,372 shares of Markel Group's stock, having sold 874 shares during the quarter. Markel Group represents 3.0% of Fenimore Asset Management Inc.'s overall investment portfolio and ranks as the 9th largest holding. As of the most recent filing with the Securities & Exchange Commission, Fenimore Asset Management Inc. owned approximately 0.67% of Markel Group, valued at $114,165,000.

Recently, there have been several major investors who have either increased or decreased their ownership in Markel Group. For instance, Lawson Kroeker Investment Management Inc. NE purchased a new stake in the company during the first quarter for around $1,488,000. Similarly, Banque Cantonale Vaudoise gained a 4.4% boost in their ownership of Markel Group in the same period. They now own 285 shares of the company's stock, valued at $364,000, after adding 12 additional shares. Another investor, Bridgeworth LLC, also acquired a new stake in Markel Group during the first quarter, valued at around $212,000. Mraz Amerine & Associates Inc. saw a 4.3% increase in their ownership of the company, owning 17,421 shares valued at $22,254,000, after acquiring an extra 716 shares. Lastly, Carmel Capital Partners LLC experienced a 9.2% growth in their ownership, and they now own 584 shares of Markel Group's stock, valued at $746,000, after acquiring an additional 49 shares. In total, institutional investors hold 76.61% of the company's stock.

Markel Group's Stock Increases 0.8%

On Friday, the stock of Markel Group Inc. (MKL) opened at $1,383.18. This company has a 50-day moving average of $1,344.97 and a 200-day moving average of $1,331.39. Their current ratio is 0.66, their quick ratio is 0.66, and they have a debt-to-equity ratio of 0.30. The market capitalization of MKL is $18.47 billion with a price-to-earnings ratio of 67.08 and a beta of 0.79. Their lowest price in the past year was $1,064.09 and their highest was $1,458.56.

Markel Group recently released its financial results for the quarter ended April 26th. The insurance company reported earnings per share (EPS) of $17.35, surpassing the analysts' estimated EPS of $16.23 by $1.12. The company generated $3.27 billion in revenue during the quarter, which was slightly lower than the expected $3.38 billion. Markel Group achieved a return on equity of 8.13% and a net margin of 2.58%. Analysts predict that Markel Group Inc. will achieve earnings per share of 78.32 for the current year.

Markel Group: Insider Insights

In other updates, Director Morgan E. Housel recently purchased 19 shares of the company's stock on May 4th. The average cost per share was $1,330.70, resulting in a total transaction value of $25,283.30. This brings the director's total ownership to 330 shares, which are currently estimated to be worth around $439,131. This purchase was disclosed in a legal filing with the Securities & Exchange Commission, and the details can be accessed on the SEC website. Additionally, Director Lawrence A. Cunningham bought 50 shares of the company's stock on May 24th. The average purchase price was $1,336.25 per share, totaling $66,812.50. As a result, the director now owns 347 shares, valued at approximately $463,678.75. The information regarding this purchase can be found here. Furthermore, over the past ninety days, company insiders have purchased a total of 194 shares, amounting to $260,642. These insider transactions account for around 1.75% of the company's stock ownership.

Investment Experts Assess Wall Street

In a recent research report on Tuesday, May 30th, StockNews.com upgraded Markel Group from a "hold" rating to a "buy" rating. The company has received one "hold" rating and three "buy" ratings from equities research analysts. MarketBeat.com states that the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,516.67.

Markel Group Inc is a versatile financial conglomerate that specializes in selling and providing unique insurance policies in various regions around the world. These regions include the United States, Bermuda, the United Kingdom, the rest of Europe, Canada, the Asia Pacific, and the Middle East. The company's range of insurance products include general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation. Additionally, they also offer property coverages which encompass fire, allied lines, and other niche property coverages. This includes insuring properties that are vulnerable to catastrophic events like earthquakes and strong winds.

Curious to discover the holdings of various hedge funds for MKL? Check out HoldingsChannel.com for the most recent 13F filings and insider transactions regarding Markel Group Inc. (NYSE:MKL - Free Report).

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