Markel Group Inc. (NYSE:MKL) Given Average Rating of “Hold” by Analysts

Shares of Markel Group Inc. (NYSE:MKL) have been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $1,626.83.

MKL has been the subject of a number of recent research reports. Citigroup raised 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 report on Tuesday, July 23rd. TD Cowen initiated coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th.

Markel Group Trading Down 0.0 %

Markel Group stock opened at $1,568.58 on Tuesday. The stock has a market cap of $20.40 billion, a P/E ratio of 8.47 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The firm’s 50 day moving average price is $1,562.35 and its 200-day moving average price is $1,556.06.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, equities analysts predict that Markel Group will post 89.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MKL. Point72 Asia Singapore Pte. Ltd. purchased a new position in Markel Group during the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Markel Group during the second quarter valued at $55,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Markel Group during the fourth quarter valued at $57,000. GAMMA Investing LLC boosted its stake in shares of Markel Group by 90.0% during 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 period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Markel Group during the second quarter valued at $65,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

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.