Markel Group Inc. (NYSE:MKL) Given Average Rating of "Reduce" by Brokerages

Shares of Markel Group Inc. (NYSE:MKL - Get Free Report) have been assigned an average recommendation of "Reduce" from the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $1,626.83.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group increased 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. StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Monday, December 30th. Royal Bank of Canada decreased their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd.

Markel Group Stock Performance

Markel Group stock traded up $3.28 on Thursday, hitting $1,709.40. The company's stock had a trading volume of 52,990 shares, compared to its average volume of 51,258. The company has a fifty day moving average price of $1,712.76 and a 200-day moving average price of $1,617.71. The firm has a market cap of $21.99 billion, a P/E ratio of 7.89 and a beta of 0.78. Markel Group has a one year low of $1,342.66 and a one year 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.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. On average, equities analysts anticipate that Markel Group will post 86.73 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after buying an additional 13,372 shares during the period. Geode Capital Management LLC lifted its stake in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after buying an additional 10,254 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Markel Group by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider's stock worth $178,931,000 after buying an additional 5,310 shares during the last quarter. Jennison Associates LLC grew its position in shares of Markel Group by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 71,633 shares of the insurance provider's stock worth $112,362,000 after buying an additional 1,689 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Markel Group by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after acquiring an additional 766 shares during 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.