Markel Group (NYSE:MKL) Downgraded to Hold Rating by TD Cowen

Markel Group (NYSE:MKL) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $1,836.00 target price on the insurance provider’s stock, down from their previous target price of $1,986.00. TD Cowen’s price target suggests a potential upside of 5.09% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Trading Down 1.0 %

Shares of NYSE MKL opened at $1,747.00 on Monday. The firm’s 50 day moving average price is $1,625.29 and its 200-day moving average price is $1,592.35. Markel Group has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $22.47 billion, a PE ratio of 8.06 and a beta of 0.77.

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

Institutional Investors Weigh In On Markel Group

Several hedge funds and other institutional investors have recently made changes to their positions in MKL. Oddo BHF Asset Management Sas bought a new stake in Markel Group during the third quarter valued at approximately $3,125,000. Franklin Resources Inc. grew its position in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after acquiring an additional 527 shares during the period. Synovus Financial Corp grew its position in shares of Markel Group by 20.7% during the 3rd quarter. Synovus Financial Corp now owns 432 shares of the insurance provider’s stock valued at $678,000 after acquiring an additional 74 shares during the period. Blankinship & Foster LLC purchased a new stake in shares of Markel Group in the 3rd quarter worth $643,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Markel Group in the 3rd quarter worth $42,000. Hedge funds and other 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.