Markel Group Inc. (NYSE:MKL) Receives Consensus Rating of “Reduce” from Brokerages

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

A number of research analysts recently commented on MKL shares. 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 note on Wednesday, October 9th. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada reduced 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.

Institutional Trading of Markel Group

A number of institutional investors have recently modified their holdings of the company. Gold Investment Management Ltd. boosted its holdings in shares of Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after purchasing an additional 7 shares during the period. Freedom Day Solutions LLC boosted its holdings in shares of Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after buying an additional 8 shares during the period. Financial Advocates Investment Management lifted its holdings in Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock worth $406,000 after buying an additional 8 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Markel Group by 1.1% in the second quarter. Daiwa Securities Group Inc. now owns 880 shares of the insurance provider’s stock worth $1,387,000 after buying an additional 10 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Up 1.5 %

MKL opened at $1,747.27 on Thursday. The stock has a market cap of $22.47 billion, a PE ratio of 8.06 and a beta of 0.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The business’s fifty day simple moving average is $1,722.73 and its 200 day simple moving average is $1,621.30.

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

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.