Markel Group Inc. (NYSE:MKL) Receives $1,651.83 Average Price Target from Analysts

Shares of Markel Group Inc. (NYSE:MKL) have received a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $1,651.83.

A number of research analysts have weighed in on MKL shares. Jefferies Financial Group lifted their price target on shares of 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. Royal Bank of Canada cut their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Markel Group Trading Up 1.8 %

MKL opened at $1,750.00 on Wednesday. Markel Group has a twelve month low of $1,342.66 and a twelve month high of $1,751.35. The firm has a market cap of $22.51 billion, a PE ratio of 8.07 and a beta of 0.73. 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 firm’s fifty day moving average is $1,597.58 and its two-hundred day moving average is $1,586.38.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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). The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities research analysts anticipate that Markel Group will post 88.52 EPS for the current year.

Institutional Investors Weigh In On Markel Group

Institutional investors and hedge funds have recently modified their holdings of the company. Gold Investment Management Ltd. lifted its holdings in Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after purchasing an additional 7 shares during the last quarter. Epic Trust Investment Advisors LLC lifted its stake in shares of Markel Group by 4.6% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock worth $285,000 after buying an additional 8 shares during the last quarter. Freedom Day Solutions LLC boosted its holdings in shares of Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock worth $2,326,000 after buying an additional 8 shares during the period. Hunter Associates Investment Management LLC grew its stake 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 valued at $1,170,000 after buying an additional 8 shares during the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 8 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Company Profile

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.