Markel Group (NYSE:MKL) Rating Lowered to Hold at StockNews.com

Markel Group (NYSE:MKL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other research analysts have also issued reports on MKL. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Citigroup increased 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 report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,558.40 on Monday. The business has a 50-day moving average price of $1,559.09 and a two-hundred day moving average price of $1,558.73. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market cap of $20.26 billion, a P/E ratio of 8.42 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, analysts anticipate that Markel Group will post 89.1 EPS for the current year.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Markel Group

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Markel Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after buying an additional 9,216 shares during the period. Davis Selected Advisers grew its position in shares of 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 acquiring an additional 970 shares during the period. Boston Partners increased its stake in shares of Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after purchasing an additional 57,528 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Markel Group by 4.9% in the 2nd 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, Northern Trust Corp lifted its stake in Markel Group by 2.0% in the fourth quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock valued at $128,183,000 after purchasing an additional 1,775 shares during 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.