Markel Group Inc. (NYSE:MKL) Given Average Rating of “Hold” by Brokerages

Markel Group Inc. (NYSE:MKL) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1,651.83.

A number of research analysts recently commented on MKL shares. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada cut their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st.

Markel Group Stock Performance

MKL opened at $1,778.09 on Wednesday. The stock has a market capitalization of $22.87 billion, a price-to-earnings ratio of 8.20 and a beta of 0.73. Markel Group has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,778.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a fifty day moving average of $1,605.30 and a 200 day moving average of $1,587.91.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, sell-side analysts forecast that Markel Group will post 88.52 earnings per share for the current fiscal year.

Institutional Trading of Markel Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC boosted its position in Markel Group by 3.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,006 shares of the insurance provider’s stock valued at $3,052,000 after purchasing an additional 71 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Markel Group by 90.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 190 shares of the insurance provider’s stock valued at $289,000 after buying an additional 90 shares in the last quarter. Evermay Wealth Management LLC purchased a new position in shares of Markel Group in the 1st quarter worth approximately $75,000. Crewe Advisors LLC bought a new position in shares of Markel Group during the 1st quarter worth approximately $81,000. Finally, Shell Asset Management Co. lifted its position in Markel Group by 41.8% during the first quarter. Shell Asset Management Co. now owns 743 shares of the insurance provider’s stock valued at $1,130,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

About Markel Group

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.