Markel Group (NYSE:MKL) Price Target Raised to $2,025.00

Markel Group (NYSE:MKL) had its price objective lifted by Royal Bank of Canada from $1,750.00 to $2,025.00 in a research report released on Friday,Benzinga reports. The firm currently has a sector perform rating on the insurance provider’s stock.

A number of other research analysts have also recently commented on the company. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Stock Down 1.6 %

Shares of NYSE MKL opened at $2,027.51 on Friday. The company has a market cap of $26.08 billion, a price-to-earnings ratio of 10.19 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group has a 12 month low of $1,405.11 and a 12 month high of $2,063.68. The stock has a 50-day moving average price of $1,766.15 and a two-hundred day moving average price of $1,652.84.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. As a group, analysts forecast that Markel Group will post 97.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Markel Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SpiderRock Advisors LLC raised its position in shares of Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after acquiring an additional 315 shares in the last quarter. Versor Investments LP grew its position in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after buying an additional 160 shares during the period. Fiduciary Alliance LLC lifted its position in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after acquiring an additional 379 shares during the period. Franklin Resources Inc. lifted its position in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after acquiring an additional 527 shares during the period. Finally, State Street Corp grew its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

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.