Markel Group (NYSE:MKL) Lowered 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 note published on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group upped their price target on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1,651.83.

Markel Group Stock Up 0.5 %

Shares of NYSE:MKL opened at $1,785.11 on Wednesday. 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 52-week low of $1,342.66 and a 52-week high of $1,809.11. The firm has a market capitalization of $22.96 billion, a P/E ratio of 8.23 and a beta of 0.73. The stock has a 50 day moving average price of $1,609.69 and a 200-day moving average price of $1,589.29.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities research analysts anticipate that Markel Group will post 88.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the 3rd quarter worth $31,000. Toth Financial Advisory Corp increased its position 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 worth $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Markel Group in the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the 3rd quarter valued at about $42,000. Finally, UMB Bank n.a. lifted its position in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after buying an additional 25 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

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.