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

Markel Group Inc. (NYSE:MKL) has earned an average rating of “Reduce” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $1,626.83.

MKL has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Jefferies Financial Group increased their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MKL. Savant Capital LLC increased its stake in shares of Markel Group by 122.2% in the 2nd quarter. Savant Capital LLC now owns 651 shares of the insurance provider’s stock worth $1,026,000 after acquiring an additional 358 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Markel Group in the second quarter worth $353,000. Caprock Group LLC bought a new position in shares of Markel Group during the second quarter valued at $893,000. Choreo LLC raised its position in shares of Markel Group by 62.0% in the 2nd quarter. Choreo LLC now owns 873 shares of the insurance provider’s stock worth $1,375,000 after purchasing an additional 334 shares during the last quarter. Finally, Andra AP fonden boosted its stake in Markel Group by 14.8% in the 2nd quarter. Andra AP fonden now owns 4,030 shares of the insurance provider’s stock worth $6,350,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.2 %

MKL opened at $1,709.40 on Thursday. Markel Group has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $1,709.41 and its 200-day moving average price is $1,617.06. The company has a market cap of $21.99 billion, a P/E ratio of 7.89 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. On average, equities analysts expect that Markel Group will post 86.73 EPS for the current year.

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.