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

Shares of Markel Group Inc. (NYSE:MKL) have received a consensus rating of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One research 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 brokerages that have covered the stock in the last year is $1,626.83.

Several research analysts recently commented on the company. Royal Bank of Canada reduced their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,710.14 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The stock’s fifty day simple moving average is $1,657.65 and its 200 day simple moving average is $1,600.34. The company 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 analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. On average, research analysts predict that Markel Group will post 86.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB boosted its position in shares of Markel Group by 19.4% in the second quarter. Swedbank AB now owns 1,932 shares of the insurance provider’s stock valued at $3,044,000 after acquiring an additional 314 shares during the period. Blue Trust Inc. grew its position in shares of Markel Group by 395.5% during the 2nd quarter. Blue Trust Inc. now owns 109 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 87 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Markel Group during the second quarter worth approximately $118,000. Raymond James & Associates raised its position in shares of Markel Group by 3.6% in the second quarter. Raymond James & Associates now owns 28,334 shares of the insurance provider’s stock valued at $44,645,000 after buying an additional 991 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Markel Group by 10.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,663 shares of the insurance provider’s stock valued at $38,860,000 after buying an additional 2,398 shares in the last quarter. Institutional investors and hedge funds 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.