Markel Group Inc. (NYSE:MKL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Markel Group Inc. (NYSE:MKL) have been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1,643.50.

Several research analysts have recently issued reports on MKL shares. Citigroup lifted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen assumed coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. Finally, Jefferies Financial Group upped their price objective on 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.

Markel Group Trading Down 1.8 %

Shares of Markel Group stock opened at $1,549.80 on Friday. The company has a 50-day moving average of $1,568.28 and a two-hundred day moving average of $1,563.83. Markel Group has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market cap of $20.05 billion, a PE ratio of 10.09 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, research analysts anticipate that Markel Group will post 91.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the purchase, the director now directly owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.71% of the stock is currently owned by insiders.

Institutional Trading of Markel Group

A number of institutional investors have recently modified their holdings of MKL. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. UMB Bank n.a. raised 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 acquiring an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the 2nd quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Markel Group in the second quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Markel Group during the 2nd quarter worth approximately $65,000. Hedge funds and other 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.