Markel Group (NYSE:MKL) Cut to Hold at StockNews.com

StockNews.com cut shares of Markel Group (NYSE:MKL) from a buy rating to a hold rating in a report published on Monday.

A number of other analysts have also commented on MKL. Royal Bank of Canada reduced 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 research note on Friday, November 1st. Jefferies Financial Group lifted 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 research report on Wednesday, October 9th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL opened at $1,804.46 on Monday. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 8.32 and a beta of 0.78. The business’s fifty day simple moving average is $1,745.78 and its two-hundred day simple moving average is $1,636.77. Markel Group has a 12 month low of $1,342.66 and a 12 month high of $1,842.48. 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 (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 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. Research analysts anticipate that Markel Group will post 86.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the 3rd quarter worth $31,000. Toth Financial Advisory Corp increased its position in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Markel Group in the third quarter worth about $36,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group during the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Markel Group during the 3rd quarter valued at approximately $42,000. 77.12% of the stock is currently owned by institutional investors.

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.