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

Markel Group Inc. (NYSE:MKL) has earned an average recommendation of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1,626.83.

Several equities research analysts have weighed in on MKL shares. Royal Bank of Canada lowered 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. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price target 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 cut their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Davis Selected Advisers grew its stake in Markel Group by 0.3% during the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after buying an additional 970 shares during the last quarter. Geode Capital Management LLC increased its position in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after buying an additional 10,254 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after buying an additional 5,310 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after acquiring an additional 11,357 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 1.6 %

MKL stock opened at $1,727.20 on Friday. The company has a market capitalization of $22.22 billion, a PE ratio of 7.97 and a beta of 0.77. 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 has a 12 month low of $1,342.66 and a 12 month high of $1,809.11. The firm’s 50-day moving average is $1,669.39 and its 200 day moving average is $1,602.68.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. On average, research analysts anticipate that Markel Group will post 86.73 EPS for the current year.

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.