Markel Group Inc. (NYSE:MKL - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 16,510 shares changed hands during mid-day trading, a decline of 45% from the previous session's volume of 30,074 shares.The stock last traded at $1,720.39 and had previously closed at $1,713.08.
Analyst Upgrades and Downgrades
MKL has been the subject of a number of analyst reports. StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 30th. Royal Bank of Canada decreased 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. Jefferies Financial Group raised their price target 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. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of "Hold" and a consensus target price of $1,626.83.
View Our Latest Report on Markel Group
Markel Group Stock Performance
The business's 50-day simple moving average is $1,703.72 and its 200 day simple moving average is $1,615.48. 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 firm has a market cap of $21.91 billion, a P/E ratio of 7.86 and a beta of 0.78.
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 return on equity of 10.86% and a net margin of 17.03%. The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.74 billion. As a group, equities analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current year.
Institutional Trading of Markel Group
A number of hedge funds and other institutional investors have recently made changes to their positions in MKL. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter valued at about $31,000. Toth Financial Advisory Corp boosted its stake in shares of 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 period. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group during the third quarter worth approximately $42,000. Finally, UMB Bank n.a. boosted its holdings in shares of Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider's stock valued at $44,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.
About Markel Group
(
Get Free Report)
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.
Featured Articles
Before you consider Markel Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Markel Group wasn't on the list.
While Markel Group currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.