Markel Group Inc. (NYSE:MKL) Receives $1,626.83 Average Target Price from Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have earned an average rating of “Reduce” from the six brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $1,626.83.

MKL has been the topic of a number of research analyst reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. Jefferies Financial Group boosted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st.

Markel Group Stock Performance

Shares of MKL opened at $1,747.27 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $1,722.73 and a two-hundred day moving average price of $1,621.30. The firm has a market capitalization of $22.47 billion, a P/E ratio of 8.06 and a beta of 0.78. Markel Group has a 52 week low of $1,342.66 and a 52 week high of $1,809.11.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Equities analysts forecast that Markel Group will post 86.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Markel Group

Several institutional investors have recently made changes to their positions in MKL. Savant Capital LLC lifted its position in shares of Markel Group by 122.2% during the second quarter. Savant Capital LLC now owns 651 shares of the insurance provider’s stock worth $1,026,000 after acquiring an additional 358 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Markel Group in the second quarter worth $353,000. Caprock Group LLC bought a new position in shares of Markel Group in the second quarter worth $893,000. Choreo LLC increased its holdings in shares of Markel Group by 62.0% in the second quarter. Choreo LLC now owns 873 shares of the insurance provider’s stock worth $1,375,000 after purchasing an additional 334 shares during the period. Finally, Andra AP fonden increased its holdings in shares of Markel Group by 14.8% in the second quarter. Andra AP fonden now owns 4,030 shares of the insurance provider’s stock worth $6,350,000 after purchasing an additional 520 shares during the period. 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.