Markel Group (NYSE:MKL) Rating Lowered to “Hold” at TD Cowen

Markel Group (NYSE:MKL) was downgraded by TD Cowen from a “buy” rating to a “hold” rating in a report issued on Monday, Marketbeat Ratings reports. They currently have a $1,836.00 price target on the insurance provider’s stock, down from their previous price target of $1,986.00. TD Cowen’s price objective suggests a potential upside of 5.09% from the stock’s current price.

MKL has been the topic of a number of other research reports. 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 Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Performance

NYSE:MKL opened at $1,747.00 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The firm has a market cap of $22.47 billion, a PE ratio of 8.06 and a beta of 0.77. The business has a 50 day moving average price of $1,625.29 and a 200-day moving average price of $1,592.35.

Markel Group (NYSE:MKL) last announced its quarterly 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 net margin of 17.03% and a return on equity of 10.86%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts predict that Markel Group will post 88.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MKL. Caisse DE Depot ET Placement DU Quebec lifted its position in Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after acquiring an additional 14,507 shares during the period. State Street Corp lifted its holdings in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Markel Group by 15.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after purchasing an additional 11,357 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after buying an additional 10,973 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after buying an additional 10,254 shares in 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.