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

Markel Group Inc. (NYSE:MKL) has earned an average recommendation of “Reduce” from the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $1,520.00.

A number of research analysts have recently issued reports on MKL shares. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research report on Friday, March 15th. Truist Financial boosted their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday.

Hedge Funds Weigh In On Markel Group

Several large investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC lifted its position in Markel Group by 2.3% in the 4th quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after acquiring an additional 7 shares in the last quarter. Signaturefd LLC lifted its position in shares of Markel Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock worth $214,000 after buying an additional 7 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Markel Group by 1.9% in the 4th quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after buying an additional 8 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Markel Group by 1.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock valued at $616,000 after acquiring an additional 8 shares during the last quarter. Finally, Watchman Group Inc. lifted its holdings in Markel Group by 0.3% during the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after acquiring an additional 8 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.2 %

Shares of NYSE MKL opened at $1,579.85 on Friday. The company has a market capitalization of $20.60 billion, a P/E ratio of 8.53 and a beta of 0.69. Markel Group has a 52-week low of $1,295.65 and a 52-week high of $1,588.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company’s 50 day moving average price is $1,488.09 and its 200-day moving average price is $1,445.51.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.45%. Equities analysts forecast that Markel Group will post 80.08 earnings per share 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.