Analysts Set Markel Group Inc. (NYSE:MKL) Price Target at $1,626.83

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

Several equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada decreased their target price on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st.

Markel Group Stock Down 0.4 %

Shares of NYSE:MKL traded down $7.00 during mid-day trading on Friday, hitting $1,735.79. 49,442 shares of the company traded hands, compared to its average volume of 43,884. The stock has a 50-day moving average price of $1,654.10 and a two-hundred day moving average price of $1,599.60. Markel Group has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The stock has a market cap of $22.33 billion, a P/E ratio of 8.01 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

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

Institutional Investors Weigh In On Markel Group

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of 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 purchasing an additional 13,372 shares in the last quarter. Davis Selected Advisers grew its holdings in Markel Group by 0.3% during the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider's stock valued at $452,311,000 after buying an additional 970 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Markel Group by 5.2% during 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 increased its holdings in shares of Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider's stock worth $178,931,000 after purchasing an additional 5,310 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider's stock worth $134,320,000 after buying an additional 11,357 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

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.