Markel Group (NYSE:MKL) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Markel Group (NYSE:MKL) from a buy rating to a hold rating in a research report sent to investors on Monday.

Several other equities research analysts have also recently weighed in on MKL. Royal Bank of Canada lowered their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group increased 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. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Price Performance

NYSE:MKL opened at $1,829.01 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market cap of $23.52 billion, a PE ratio of 8.44 and a beta of 0.78. Markel Group has a 12 month low of $1,342.66 and a 12 month high of $1,842.48. The company’s 50-day moving average price is $1,740.16 and its two-hundred day moving average price is $1,633.36.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $3.74 billion. On average, equities analysts anticipate that Markel Group will post 86.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Markel Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new position in shares of Markel Group during the 3rd quarter worth about $31,000. Toth Financial Advisory Corp increased its stake in Markel Group by 1,000.0% in the third 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 in the last quarter. Larson Financial Group LLC bought a new stake in Markel Group in the third quarter valued at approximately $36,000. Global Trust Asset Management LLC acquired a new stake in Markel Group in the fourth quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Markel Group during the third quarter worth $42,000. 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.