Markel Group (NYSE:MKL) Lowered to Hold Rating by TD Cowen

Markel Group (NYSE:MKL - Get Free Report) was downgraded by equities researchers at TD Cowen from a "buy" rating to a "hold" rating in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $1,836.00 target price on the insurance provider's stock, down from their previous target price of $1,986.00. TD Cowen's target price suggests a potential upside of 4.05% from the company's current price.

Several other equities analysts have also commented on MKL. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Jefferies Financial Group increased 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 report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their price objective 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. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $1,626.83.

Markel Group Price Performance

MKL traded down $18.44 on Monday, reaching $1,764.48. The company had a trading volume of 65,986 shares, compared to its average volume of 43,382. Markel Group has a 52-week low of $1,342.66 and a 52-week high of $1,809.11. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 8.22 and a beta of 0.73. 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 has a 50 day simple moving average of $1,617.95 and a 200 day simple moving average of $1,590.97.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.74 billion. As a group, sell-side analysts anticipate that Markel Group will post 88.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Markel Group by 10.4% during the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after purchasing an additional 527 shares during the period. Synovus Financial Corp lifted its holdings in Markel Group by 20.7% in the 3rd quarter. Synovus Financial Corp now owns 432 shares of the insurance provider's stock worth $678,000 after buying an additional 74 shares during the period. Blankinship & Foster LLC bought a new stake in shares of Markel Group in the 3rd quarter worth approximately $643,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the third quarter valued at approximately $42,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Markel Group by 9.8% during the third quarter. Sanctuary Advisors LLC now owns 2,143 shares of the insurance provider's stock valued at $3,361,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

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.