Jefferies Financial Group Boosts Markel Group (NYSE:MKL) Price Target to $1,600.00

Markel Group (NYSE:MKL) had its price target lifted by Jefferies Financial Group from $1,590.00 to $1,600.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Markel Group from a buy rating to a hold rating in a research report on Monday, October 7th. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a buy rating and a $1,986.00 target price for the company. Finally, Citigroup lifted their price target 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $1,643.50.

Markel Group Trading Up 0.6 %

MKL opened at $1,557.18 on Wednesday. The firm’s fifty day simple moving average is $1,557.24 and its 200 day simple moving average is $1,558.70. The stock has a market capitalization of $20.25 billion, a P/E ratio of 8.41 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, research analysts anticipate that Markel Group will post 89.94 EPS for the current fiscal year.

Insider Activity at Markel Group

In other news, Director Lawrence A. Cunningham purchased 20 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Markel Group

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. lifted its position in shares of Markel Group by 833.3% in the third 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Markel Group during the 2nd quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Markel Group during the second quarter worth $55,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Markel Group in the fourth quarter valued at $57,000. Finally, GAMMA Investing LLC increased its holdings in shares of Markel Group by 90.0% in the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds 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.