Markel Group (NYSE:MKL) Hits New 12-Month High – What’s Next?

Markel Group Inc. (NYSE:MKL)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $1,675.51 and last traded at $1,668.45, with a volume of 6242 shares traded. The stock had previously closed at $1,636.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup increased their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada reduced their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Price Performance

The stock’s fifty day moving average price is $1,569.03 and its 200-day moving average price is $1,571.76. The firm has a market cap of $21.23 billion, a PE ratio of 7.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last announced 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. As a group, equities analysts expect that Markel Group Inc. will post 89.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Toth Financial Advisory Corp increased its position in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after buying an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Markel Group in the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Markel Group in the second quarter worth approximately $55,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Markel Group during the second quarter worth $65,000. Hedge funds and other 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.