Markel Group (NYSE:MKL) Sets New 12-Month High – Here’s What Happened

Shares of Markel Group Inc. (NYSE:MKL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,811.71 and last traded at $1,804.41, with a volume of 12228 shares. The stock had previously closed at $1,774.07.

Analysts Set New Price Targets

Several equities analysts have recently commented on MKL shares. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a 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 for the company in a report on Friday, November 1st. Finally, Jefferies Financial Group upped their target price 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,626.83.

Markel Group Stock Up 1.3 %

The stock’s fifty day simple moving average is $1,730.43 and its two-hundred day simple moving average is $1,626.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 8.29 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, sell-side analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Markel Group

Large investors have recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Markel Group during the 3rd quarter valued at $31,000. Toth Financial Advisory Corp increased its holdings in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Larson Financial Group LLC bought a new stake in shares of Markel Group during the third quarter valued at about $36,000. Global Trust Asset Management LLC acquired a new stake in Markel Group in the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Markel Group in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds 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.