Markel Group (NYSE:MKL) Sees Large Volume Increase – Should You Buy?

Shares of Markel Group Inc. (NYSE:MKL) saw an uptick in trading volume on Monday . 16,510 shares traded hands during 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MKL shares. 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. TD Cowen downgraded 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 note on Monday, December 2nd. Royal Bank of Canada dropped their price objective on 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. Finally, StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a report on Monday, December 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Up 0.2 %

The stock has a market cap of $21.99 billion, a P/E ratio of 7.89 and a beta of 0.78. The firm has a 50 day simple moving average of $1,706.54 and a 200-day simple moving average of $1,616.41. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.74 billion. On average, equities research analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after buying an additional 14,507 shares in the last quarter. State Street Corp raised its stake in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Geode Capital Management LLC grew its position in shares of Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Markel Group during the second quarter worth approximately $15,596,000. 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.