Markel Group (NYSE:MKL) Price Target Lowered to $1,675.00 at Royal Bank of Canada

Markel Group (NYSE:MKL) had its price objective decreased by Royal Bank of Canada from $1,700.00 to $1,675.00 in a research note published on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the insurance provider’s stock.

Several other equities research analysts have also commented on MKL. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Citigroup boosted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group raised 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. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. One equities 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,651.83.

Markel Group Stock Up 0.2 %

Shares of NYSE:MKL opened at $1,545.00 on Friday. The firm has a market capitalization of $19.87 billion, a P/E ratio of 7.13 and a beta of 0.73. The stock has a 50 day moving average price of $1,567.50 and a 200-day moving average price of $1,569.24. Markel Group has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, equities research analysts anticipate that Markel Group will post 91.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Markel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp raised its stake in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares during the last quarter. UMB Bank n.a. increased its holdings in 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in Markel Group in the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Markel Group during the 2nd quarter valued at about $55,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Markel Group during the 2nd quarter valued at about $65,000. 77.12% of the stock is owned by institutional investors.

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.