Markel Group (NYSE:MKL) Cut to Hold at TD Cowen

TD Cowen cut shares of Markel Group (NYSE:MKL) from a buy rating to a hold rating in a research report released on Monday, MarketBeat Ratings reports. They currently have $1,836.00 price objective on the insurance provider’s stock, down from their prior price objective of $1,986.00.

A number of other research firms also recently commented on MKL. Jefferies Financial Group increased their price objective on shares of 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada lowered their price target on 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. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,764.48 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The company’s 50 day moving average price is $1,621.80 and its two-hundred day moving average price is $1,591.76. The company has a market capitalization of $22.69 billion, a P/E ratio of 8.14 and a beta of 0.73.

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 analyst estimates of $3.74 billion. On average, analysts expect that Markel Group will post 88.52 earnings per share for the current fiscal year.

Institutional Trading of Markel Group

A number of institutional investors and hedge funds have recently made changes to their positions in MKL. Brooklyn Investment Group acquired a new stake in Markel Group in the third quarter valued at approximately $31,000. Toth Financial Advisory Corp lifted its stake in shares of Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Markel Group in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new stake in Markel Group during the 3rd quarter worth $42,000. Finally, UMB Bank n.a. increased its holdings in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

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.