Markel Group (NYSE:MKL) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Markel Group (NYSE:MKL) from a buy rating to a hold rating in a report issued on Wednesday morning.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Jefferies Financial Group boosted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,651.83.

Markel Group Stock Up 0.5 %

MKL opened at $1,785.11 on Wednesday. The business’s fifty day simple moving average is $1,609.69 and its 200 day simple moving average is $1,589.29. Markel Group has a 52 week low of $1,342.66 and a 52 week high of $1,809.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $22.96 billion, a PE ratio of 8.23 and a beta of 0.73.

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 the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, research analysts expect that Markel Group will post 88.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Markel Group

A number of large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after purchasing an additional 558 shares during the period. Solitude Financial Services purchased a new stake in Markel Group in the 2nd quarter worth approximately $1,182,000. SpiderRock Advisors LLC grew its position in shares of Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after buying an additional 315 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Markel Group by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after buying an additional 359 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in shares of Markel Group by 19.8% during the second quarter. Gateway Investment Advisers LLC now owns 4,486 shares of the insurance provider’s stock valued at $7,068,000 after acquiring an additional 740 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

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.