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

Shares of Markel Group Inc. (NYSE:MKL) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1,626.83.

Several equities analysts have commented on the company. Citigroup upped their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company.

Markel Group Stock Down 1.9 %

Shares of MKL stock opened at $1,525.34 on Friday. The stock has a 50 day moving average of $1,566.06 and a 200-day moving average of $1,548.58. The firm has a market cap of $19.74 billion, a PE ratio of 8.24 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $20.76 by $5.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, equities analysts predict that Markel Group will post 89.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Lawrence A. Cunningham bought 20 shares of Markel Group stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Markel Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in shares of Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Markel Group by 2.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock valued at $48,412,000 after purchasing an additional 888 shares during the period. Solitude Financial Services acquired a new stake in shares of Markel Group in the second quarter valued at approximately $1,182,000. Sei Investments Co. lifted its holdings in Markel Group by 41.7% during the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after purchasing an additional 359 shares during the last quarter. 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.