Brokerages Set Markel Group Inc. (NYSE:MKL) PT at $1,626.83

Shares of Markel Group Inc. (NYSE:MKL) have been given an average rating of “Reduce” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $1,626.83.

MKL has been the subject of several research reports. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada cut their price target on 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. Jefferies Financial Group upped their price objective on 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 lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th.

Markel Group Stock Up 1.6 %

NYSE MKL opened at $1,727.20 on Friday. 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 stock has a market cap of $22.22 billion, a PE ratio of 7.97 and a beta of 0.77. The stock’s 50 day moving average is $1,669.39 and its 200 day moving average is $1,602.68.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion during 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%. Research analysts predict that Markel Group will post 86.73 EPS for the current fiscal year.

Institutional Trading of Markel Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gold Investment Management Ltd. increased its position in Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after acquiring an additional 7 shares during the last quarter. Freedom Day Solutions LLC grew its holdings in Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after purchasing an additional 8 shares during the last quarter. Hunter Associates Investment Management LLC raised its position in Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after purchasing an additional 8 shares during the period. Financial Advocates Investment Management boosted its position in shares of Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after buying an additional 8 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Markel Group by 1.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 910 shares of the insurance provider’s stock valued at $1,434,000 after buying an additional 10 shares during the last quarter. 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.