Brokerages Set Markel Group Inc. (NYSE:MKL) PT at $1,626.83

Shares of Markel Group Inc. (NYSE:MKL) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $1,626.83.

Several research firms have issued reports on MKL. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. Citigroup upped their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,525.34 on Friday. The stock’s 50 day moving average price is $1,566.06 and its 200 day moving average price is $1,548.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 8.24 and a beta of 0.73. Markel Group has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. Equities research analysts anticipate that Markel Group will post 89.1 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Markel Group

Institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Markel Group during the second quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Markel Group in the 2nd quarter worth approximately $55,000. Ables Iannone Moore & Associates Inc. bought a new stake in Markel Group during the fourth quarter worth approximately $57,000. GAMMA Investing LLC grew its holdings in 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 last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Markel Group in the second quarter worth $65,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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.