Markel Group (NYSE:MKL) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of Markel Group (NYSE:MKL) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $1,986.00 target price on the insurance provider’s stock.

A number of other brokerages have also recently weighed in on MKL. Truist Financial boosted their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a hold rating in a research note on Friday, May 3rd. Janney Montgomery Scott restated a neutral rating and set a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. Finally, Royal Bank of Canada lifted their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a sector perform rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $1,597.67.

Markel Group Stock Up 0.8 %

Markel Group stock opened at $1,574.36 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The firm’s fifty day simple moving average is $1,594.92 and its 200-day simple moving average is $1,509.32. The company has a market capitalization of $20.47 billion, a P/E ratio of 8.50 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Sell-side analysts forecast that Markel Group will post 82.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the sale, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Greta J. Harris sold 122 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Markel Group

Several large investors have recently modified their holdings of MKL. GAMMA Investing LLC bought a new stake in Markel Group in the fourth quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 12 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Markel Group during the 2nd quarter worth about $55,000. Ables Iannone Moore & Associates Inc. bought a new position in Markel Group during the 4th quarter valued at about $57,000. Finally, Evermay Wealth Management LLC bought a new stake in Markel Group during the first quarter worth about $75,000. 77.12% of the stock is currently owned by 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.