Markel Group Inc. (NYSE:MKL) Receives $1,702.20 Average Target Price from Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have received a consensus recommendation of “Reduce” from the five ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1,702.20.

MKL has been the topic of a number of research reports. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada upped their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th.

Markel Group Price Performance

Shares of MKL opened at $1,867.00 on Tuesday. The firm has a market cap of $23.84 billion, a PE ratio of 9.38 and a beta of 0.82. Markel Group has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $1,867.54 and a two-hundred day simple moving average of $1,732.85.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, equities analysts anticipate that Markel Group will post 96.25 EPS for the current year.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last three months. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in Markel Group during the third quarter valued at $31,000. Larson Financial Group LLC purchased a new stake in Markel Group in the 3rd quarter valued at about $36,000. SBI Securities Co. Ltd. bought a new position in Markel Group in the 4th quarter worth about $36,000. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group during the fourth quarter worth approximately $37,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Markel Group during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

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.