Markel Group (NYSE:MKL) Rating Lowered to “Hold” at StockNews.com

Markel Group (NYSE:MKL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

MKL has been the topic of several other research reports. 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. Royal Bank of Canada decreased their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, Citigroup raised their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average price target of $1,651.83.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,707.64 on Friday. The stock has a market cap of $21.96 billion, a PE ratio of 7.88 and a beta of 0.73. Markel Group has a 1 year low of $1,342.66 and a 1 year high of $1,733.58. The firm has a fifty day moving average price of $1,581.08 and a 200-day moving average price of $1,580.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Equities analysts anticipate that Markel Group will post 89.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in Markel Group during the third quarter worth $31,000. Toth Financial Advisory Corp grew its holdings in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in Markel Group during the 3rd quarter valued at about $36,000. UMB Bank n.a. raised its position in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Markel Group in the second quarter worth about $45,000. Institutional investors 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.