Markel Group Inc. (NYSE:MKL) Receives $1,702.20 Average Target Price from Brokerages

Shares of Markel Group Inc. (NYSE:MKL - Get Free Report) have been assigned a consensus rating of "Reduce" from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $1,702.20.

Several equities analysts have commented on MKL shares. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 88 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares of the company's stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock valued at $3,778,952 over the last three months. 1.66% of the stock is owned by corporate insiders.

Institutional Trading of Markel Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC lifted its position in Markel Group by 6,000.0% in the third quarter. Anchor Investment Management LLC now owns 61 shares of the insurance provider's stock valued at $96,000 after purchasing an additional 60 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the 3rd quarter valued at approximately $42,000. Blankinship & Foster LLC acquired a new stake in shares of Markel Group during the third quarter valued at $643,000. Synovus Financial Corp boosted its position in Markel Group by 20.7% during the third quarter. Synovus Financial Corp now owns 432 shares of the insurance provider's stock worth $678,000 after acquiring an additional 74 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after acquiring an additional 527 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.5 %

MKL traded up $8.90 on Friday, hitting $1,805.58. The company had a trading volume of 10,193 shares, compared to its average volume of 48,981. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market cap of $22.95 billion, a P/E ratio of 9.08 and a beta of 0.70. The company's fifty day moving average price is $1,828.52 and its 200 day moving average price is $1,755.28. Markel Group has a 1 year low of $1,433.06 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. As a group, equities analysts expect that Markel Group will post 96.25 earnings per share for the current year.

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.