Markel Group Inc. (NYSE:MKL) Receives $1,626.83 Consensus PT from Analysts

Markel Group Inc. (NYSE:MKL) has been given a consensus recommendation of “Reduce” by the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $1,626.83.

A number of research analysts have issued reports on MKL shares. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Royal Bank of Canada dropped their price objective 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 raised their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter valued at about $31,000. Toth Financial Advisory Corp increased its position in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC acquired a new stake in Markel Group during the 3rd quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group in the 3rd quarter worth approximately $42,000. Finally, UMB Bank n.a. boosted its stake in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,710.14 on Friday. The firm has a 50 day moving average of $1,657.65 and a 200-day moving average of $1,600.34. Markel Group has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $22.00 billion, a PE ratio of 7.97 and a beta of 0.77.

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