Markel Group (NYSE:MKL) PT Raised to $1,600.00

Markel Group (NYSE:MKL) had its price objective upped by equities research analysts at Truist Financial from $1,400.00 to $1,600.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the insurance provider’s stock. Truist Financial’s price objective would indicate a potential upside of 1.20% from the stock’s previous close.

A number of other research firms have also recently commented on MKL. Janney Montgomery Scott reissued a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,475.00 price objective on shares of Markel Group in a research note on Friday, February 2nd. Finally, Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,520.00.

Markel Group Trading Up 0.3 %

Shares of MKL stock opened at $1,581.06 on Friday. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,588.31. The company has a market cap of $20.55 billion, a price-to-earnings ratio of 8.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.62. The stock has a 50 day simple moving average of $1,488.09 and a 200-day simple moving average of $1,445.11.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping the consensus estimate of $23.58 by $32.90. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. On average, equities research analysts expect that Markel Group will post 80.08 EPS for the current fiscal year.

Institutional Trading of Markel Group

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at approximately $18,145,000. Pinnacle Associates Ltd. raised its holdings in shares of Markel Group by 7.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after acquiring an additional 1,167 shares during the period. Chicago Capital LLC purchased a new position in shares of Markel Group during the 4th quarter worth $3,313,000. Allspring Global Investments Holdings LLC boosted its position in shares of Markel Group by 616.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock valued at $5,991,000 after acquiring an additional 3,630 shares during the last quarter. Finally, Lathrop Investment Management Corp increased its position in Markel Group by 11.7% during the fourth quarter. Lathrop Investment Management Corp now owns 7,776 shares of the insurance provider’s stock worth $11,041,000 after purchasing an additional 815 shares during the last quarter. 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.