TD Cowen Downgrades Markel Group (NYSE:MKL) to Hold

Markel Group (NYSE:MKL) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $1,836.00 price target on the insurance provider’s stock, down from their prior price target of $1,986.00. TD Cowen’s price objective would indicate a potential upside of 2.98% from the company’s current price.

MKL has been the topic of a number of other reports. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Royal Bank of Canada dropped their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Down 0.1 %

Markel Group stock opened at $1,782.92 on Monday. The firm has a 50 day moving average price of $1,617.95 and a two-hundred day moving average price of $1,590.97. 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 has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 8.22 and a beta of 0.73.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion during 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%. Equities analysts predict that Markel Group will post 88.52 EPS for the current year.

Hedge Funds Weigh In On Markel Group

A number of hedge funds have recently bought and sold shares of MKL. Brooklyn Investment Group bought a new position in shares of Markel Group during the third quarter valued at about $31,000. Toth Financial Advisory Corp increased its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Markel Group during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group in the 3rd quarter worth approximately $42,000. Finally, UMB Bank n.a. grew its holdings in shares of Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 25 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other 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.