Markel Group (NYSE:MKL) Price Target Raised to $2,025.00

Markel Group (NYSE:MKL) had its target price lifted by equities researchers at Royal Bank of Canada from $1,750.00 to $2,025.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank of Canada’s price objective would suggest a potential downside of 0.04% from the company’s current price.

Other equities analysts have also issued research reports about the company. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Price Performance

Shares of NYSE MKL traded down $34.08 during trading on Friday, reaching $2,025.75. The company had a trading volume of 76,057 shares, compared to its average volume of 72,482. The stock has a market cap of $26.05 billion, a PE ratio of 9.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50 day moving average price is $1,761.26 and its 200-day moving average price is $1,648.97. Markel Group has a 52 week low of $1,405.11 and a 52 week high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Analysts expect that Markel Group will post 86.92 earnings per share for the current year.

Institutional Investors Weigh In On Markel Group

Large investors have recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in Markel Group in the 3rd quarter worth $31,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group during the fourth quarter worth about $37,000. SBI Securities Co. Ltd. bought a new position in shares of Markel Group during the 4th quarter worth approximately $36,000. Toth Financial Advisory Corp increased its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in Markel Group during the third quarter worth about $36,000. 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.