Markel Group (NYSE:MKL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Markel Group (NYSE:MKL) from a hold rating to a buy rating in a report published on Monday.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada reduced 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. Jefferies Financial Group boosted 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 note on Wednesday, October 9th. Citigroup raised their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen began coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,651.83.

Markel Group Stock Performance

MKL stock opened at $1,636.14 on Monday. The firm has a 50 day moving average of $1,569.03 and a two-hundred day moving average of $1,571.76. Markel Group has a 12 month low of $1,317.00 and a 12 month high of $1,670.24. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of 7.55 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted 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 for the quarter, compared to analyst estimates of $3.74 billion. As a group, equities analysts anticipate that Markel Group will post 89.27 EPS for the current fiscal year.

Institutional Trading of Markel Group

A number of hedge funds have recently modified their holdings of MKL. Gold Investment Management Ltd. raised its stake in shares of Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after purchasing an additional 7 shares in the last quarter. Epic Trust Investment Advisors LLC increased its holdings in Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after buying an additional 8 shares during the period. Freedom Day Solutions LLC raised its stake in shares of Markel Group by 0.5% in the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider’s stock valued at $2,326,000 after buying an additional 8 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in shares of Markel Group by 1.1% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock worth $1,170,000 after acquiring an additional 8 shares during the period. Finally, Financial Advocates Investment Management increased its stake in Markel Group by 3.2% in the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 8 shares during the period. 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.