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

Markel Group Inc. (NYSE:MKL) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $1,626.83.

A number of analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company.

Markel Group Stock Down 0.8 %

Shares of MKL stock opened at $1,558.42 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s 50-day moving average is $1,567.80 and its 200-day moving average is $1,546.16. The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 8.42 and a beta of 0.73. Markel Group has a 52-week low of $1,295.65 and a 52-week high of $1,670.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Sell-side analysts predict that Markel Group will post 89.05 EPS for the current year.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the purchase, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Markel Group

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Markel Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after acquiring an additional 9,216 shares during the last quarter. Davis Selected Advisers raised its stake in shares of Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after acquiring an additional 970 shares during the last quarter. Boston Partners raised its stake in shares of Markel Group by 36.7% during the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after acquiring an additional 57,528 shares during the last quarter. Norges Bank bought a new position in shares of Markel Group during the fourth quarter valued at $214,216,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after acquiring an additional 5,310 shares during 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.