Brokerages Set Markel Group Inc. (NYSE:MKL) Price Target at $1,820.33

Shares of Markel Group Inc. (NYSE:MKL) have received an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $1,820.3333.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Markel Group in a report on Saturday, September 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Aaron Wealth Advisors LLC purchased a new stake in Markel Group during the 3rd quarter worth $210,000. GAMMA Investing LLC grew its stake in shares of Markel Group by 23.6% during the third quarter. GAMMA Investing LLC now owns 89 shares of the insurance provider’s stock valued at $170,000 after acquiring an additional 17 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Markel Group by 5.3% during the second quarter. Corient Private Wealth LLC now owns 3,233 shares of the insurance provider’s stock valued at $6,457,000 after acquiring an additional 163 shares in the last quarter. Canal Capital Management LLC increased its position in shares of Markel Group by 28.3% during the second quarter. Canal Capital Management LLC now owns 195 shares of the insurance provider’s stock worth $389,000 after acquiring an additional 43 shares during the last quarter. Finally, NWF Advisory Services Inc. lifted its stake in shares of Markel Group by 2.3% in the second quarter. NWF Advisory Services Inc. now owns 2,908 shares of the insurance provider’s stock worth $5,808,000 after acquiring an additional 66 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Performance

NYSE:MKL opened at $1,943.85 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 11.66 and a beta of 0.78. The firm’s fifty day simple moving average is $1,943.03 and its 200 day simple moving average is $1,912.64. Markel Group has a twelve month low of $1,521.25 and a twelve month high of $2,075.92.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $24.74 by $0.72. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $18.62 EPS. As a group, equities research analysts expect that Markel Group will post 96.25 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.