Royal Bank of Canada Issues Positive Forecast for Markel Group (NYSE:MKL) Stock Price

Markel Group (NYSE:MKL) had its target price boosted by Royal Bank of Canada from $1,750.00 to $2,025.00 in a research report report published on Friday morning,Benzinga reports. They currently have a sector perform rating on the insurance provider’s stock.

MKL has been the topic of a number of other research reports. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Stock Down 1.6 %

MKL stock opened at $2,027.51 on Friday. The firm has a 50-day moving average price of $1,761.26 and a 200-day moving average price of $1,648.97. Markel Group has a 12 month low of $1,405.11 and a 12 month 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 stock has a market capitalization of $26.07 billion, a P/E ratio of 10.19 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued 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%. As a group, equities research analysts anticipate that Markel Group will post 97.92 EPS for the current fiscal year.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of Markel Group

A number of large investors have recently bought and sold shares of MKL. Private Trust Co. NA lifted its stake in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the period. Gold Investment Management Ltd. lifted its stake in Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after buying an additional 7 shares during the period. Gilbert & Cook Inc. lifted its stake in Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after buying an additional 7 shares during the period. Greenleaf Trust boosted its holdings in shares of Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock worth $368,000 after buying an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $810,000 after buying an additional 7 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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.