Markel Group (NYSE:MKL) Raised to Buy at StockNews.com

Markel Group (NYSE:MKL - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday.

Other analysts have also issued reports about the company. Jefferies Financial Group raised their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target 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. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,626.83.

Markel Group Stock Performance

NYSE MKL traded down $15.14 during mid-day trading on Monday, reaching $1,725.21. 26,370 shares of the stock were exchanged, compared to its average volume of 43,968. The company has a market capitalization of $22.19 billion, a P/E ratio of 7.96 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business's 50 day moving average is $1,688.88 and its 200-day moving average is $1,609.85. Markel Group has a 1 year low of $1,342.66 and a 1 year high of $1,809.11.

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 for the quarter, compared to analysts' expectations of $3.74 billion. On average, equities research analysts forecast that Markel Group will post 86.73 EPS for the current fiscal year.

Institutional Trading of Markel Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gold Investment Management Ltd. grew its position in Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock worth $1,912,000 after acquiring an additional 7 shares during the period. Freedom Day Solutions LLC grew its holdings in shares of Markel Group by 0.5% during the 3rd quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock worth $2,326,000 after purchasing an additional 8 shares during the period. Hunter Associates Investment Management LLC increased its position in shares of Markel Group by 1.1% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock worth $1,170,000 after purchasing an additional 8 shares during the last quarter. Financial Advocates Investment Management raised its holdings in Markel Group by 3.2% in the 3rd quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock valued at $406,000 after buying an additional 8 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Markel Group by 1.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 910 shares of the insurance provider's stock valued at $1,434,000 after buying an additional 10 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

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.

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