Markel Group (NYSE:MKL) Downgraded to “Hold” Rating by StockNews.com

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

MKL has been the topic of a number of other research reports. Royal Bank of Canada lowered 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. Jefferies Financial Group boosted their price target on 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. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of Markel Group stock traded up $17.95 during trading on Monday, reaching $1,829.01. The company’s stock had a trading volume of 54,857 shares, compared to its average volume of 73,522. Markel Group has a 52 week low of $1,342.66 and a 52 week high of $1,842.48. The firm has a market cap of $23.52 billion, a PE ratio of 8.44 and a beta of 0.78. The business’s 50-day moving average price is $1,740.16 and its 200-day moving average price is $1,633.36. 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 quarterly earnings data 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). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Equities analysts forecast that Markel Group will post 86.92 earnings per share for the current year.

Institutional Trading of Markel Group

Several institutional investors and hedge funds have recently modified their holdings of MKL. Cubist Systematic Strategies LLC acquired a new position in Markel Group during the second quarter worth about $65,000. Squarepoint Ops LLC increased its position in Markel Group by 23.1% during the 2nd quarter. Squarepoint Ops LLC now owns 3,401 shares of the insurance provider’s stock worth $5,359,000 after purchasing an additional 638 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Markel Group in the 2nd quarter valued at approximately $45,000. MBB Public Markets I LLC bought a new position in Markel Group in the 2nd quarter valued at approximately $1,417,000. Finally, Scientech Research LLC acquired a new stake in Markel Group in the second quarter valued at approximately $473,000. 77.12% of the stock is currently owned by institutional investors.

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.