Markel Group Inc. (NYSE:MKL) Receives $1,643.50 Consensus Price Target from Analysts

Shares of Markel Group Inc. (NYSE:MKL) have earned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $1,643.50.

Several equities research analysts recently weighed in on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup lifted 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 report on Tuesday, July 23rd. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. Finally, Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th.

Insider Activity

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Toth Financial Advisory Corp raised its position in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. lifted its position in 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 purchasing an additional 25 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group in the 2nd quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $55,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Markel Group during the second quarter worth approximately $65,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.1 %

Shares of NYSE:MKL opened at $1,565.80 on Friday. The company has a quick ratio of 0.60, a current 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. The firm has a fifty day moving average of $1,568.69 and a two-hundred day moving average of $1,566.64. The firm has a market capitalization of $20.36 billion, a P/E ratio of 8.45 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. On average, equities analysts expect that Markel Group will post 91.55 EPS for the current fiscal 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.