Analysts Set Markel Group Inc. (NYSE:MKL) PT at $1,626.83

Markel Group Inc. (NYSE:MKL) has been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $1,626.83.

MKL has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price objective on 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Jefferies Financial Group upped their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd.

Markel Group Trading Up 1.1 %

Shares of Markel Group stock opened at $1,858.34 on Monday. Markel Group has a 1 year low of $1,405.11 and a 1 year high of $1,865.93. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 8.57 and a beta of 0.78. The business has a fifty day simple moving average of $1,754.31 and a two-hundred day simple moving average of $1,644.61. 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 data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Research analysts forecast that Markel Group will post 86.92 EPS for the current year.

Institutional Investors Weigh In On Markel Group

Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in Markel Group in the second quarter worth approximately $65,000. Cetera Investment Advisers grew its position in shares of Markel Group by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 1,453 shares of the insurance provider’s stock worth $2,289,000 after buying an additional 200 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Markel Group in the 2nd quarter valued at $2,803,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Markel Group during the 2nd quarter valued at $45,000. Finally, Chemistry Wealth Management LLC boosted its stake in Markel Group by 2.3% during the third quarter. Chemistry Wealth Management LLC now owns 2,587 shares of the insurance provider’s stock worth $4,058,000 after acquiring an additional 58 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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.