Markel Group (NYSE:MKL) Raised to Buy at StockNews.com

Markel Group (NYSE:MKL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research firms also recently commented on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group lifted 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 note on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Trading Up 0.1 %

NYSE:MKL opened at $1,726.23 on Monday. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of 7.96 and a beta of 0.77. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average price is $1,691.68 and its 200-day moving average price is $1,611.12. Markel Group has a 52 week low of $1,342.66 and a 52 week high of $1,809.11.

Markel Group (NYSE:MKL) last issued 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 net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. On average, equities research analysts forecast that Markel Group will post 86.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Markel Group

Institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new stake in Markel Group in the third quarter worth about $31,000. Toth Financial Advisory Corp lifted its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new position in Markel Group during the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group in the third quarter valued at $42,000. Finally, UMB Bank n.a. grew its stake in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after buying an additional 25 shares in the last quarter. 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.