Markel Group (NYSE:MKL) Price Target Lowered to $1,675.00 at Royal Bank of Canada

Markel Group (NYSE:MKL) had its price target decreased by Royal Bank of Canada from $1,700.00 to $1,675.00 in a research report sent to investors on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the insurance provider’s stock.

Several other brokerages have also recently issued reports on MKL. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Jefferies Financial Group lifted their price objective 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 initiated coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,651.83.

Markel Group Trading Up 0.2 %

Markel Group stock traded up $2.99 during midday trading on Friday, reaching $1,545.00. 68,666 shares of the stock traded hands, compared to its average volume of 42,651. The company has a 50-day simple moving average of $1,567.50 and a two-hundred day simple moving average of $1,567.26. Markel Group has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The firm has a market cap of $19.99 billion, a PE ratio of 7.12 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 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 11.14%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Research analysts expect that Markel Group will post 91.55 earnings per share for the current fiscal year.

Insider Transactions at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the transaction, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Davis Selected Advisers increased its position in Markel Group by 0.3% during the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after buying an additional 970 shares during the period. Boston Partners increased its holdings in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after purchasing an additional 57,528 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after purchasing an additional 5,310 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Markel Group by 4.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 85,464 shares of the insurance provider’s stock valued at $129,441,000 after purchasing an additional 3,560 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after purchasing an additional 11,357 shares during the period. 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.