Markel Group (NYSE:MKL) Stock Rating Lowered by StockNews.com

Markel Group (NYSE:MKL - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Monday.

A number of other research firms have also commented on MKL. TD Cowen initiated coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a "buy" rating and a $1,986.00 price target on the stock. Citigroup raised their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a "sell" rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,626.83.

Markel Group Stock Down 3.3 %

MKL traded down $53.27 during midday trading on Monday, hitting $1,550.42. 52,919 shares of the company's stock traded hands, compared to its average volume of 42,331. The company has a market cap of $20.16 billion, a PE ratio of 8.37 and a beta of 0.73. The stock's fifty day simple moving average is $1,560.83 and its 200-day simple moving average is $1,558.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group has a one year low of $1,295.65 and a one year high of $1,670.24.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating analysts' consensus estimates of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. As a group, equities analysts anticipate that Markel Group will post 89.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lawrence A. Cunningham bought 20 shares of Markel Group stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares of the company's stock, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group in the second quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group during the 2nd quarter worth about $55,000. Ables Iannone Moore & Associates Inc. bought a new stake in Markel Group during the 4th quarter worth about $57,000. GAMMA Investing LLC raised its holdings in Markel Group by 90.0% during the 1st quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider's stock worth $58,000 after purchasing an additional 18 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Markel Group during the 2nd quarter worth about $65,000. 77.12% of the stock is owned by 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.

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