Markel Group (NYSE:MKL) Upgraded at StockNews.com

StockNews.com upgraded shares of Markel Group (NYSE:MKL) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other brokerages also recently weighed in on MKL. Royal Bank of Canada cut 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 lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Up 10.7 %

MKL opened at $2,059.04 on Thursday. Markel Group has a fifty-two week low of $1,405.11 and a fifty-two week high of $2,063.68. The business has a 50-day moving average of $1,755.78 and a 200-day moving average of $1,646.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $26.48 billion, a PE ratio of 9.50 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly 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 return on equity of 10.86% and a net margin of 17.03%. Equities research analysts forecast that Markel Group will post 86.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Markel Group

Several institutional investors have recently bought and sold shares of the business. Inceptionr LLC raised its position in Markel Group by 361.9% in the 4th quarter. Inceptionr LLC now owns 896 shares of the insurance provider’s stock valued at $1,547,000 after purchasing an additional 702 shares during the last quarter. Raymond James Financial Inc. bought a new position in Markel Group in the 4th quarter valued at $98,743,000. Arizona State Retirement System raised its position in Markel Group by 1.0% in the 4th quarter. Arizona State Retirement System now owns 3,763 shares of the insurance provider’s stock valued at $6,496,000 after purchasing an additional 38 shares during the last quarter. Aigen Investment Management LP raised its position in Markel Group by 3.3% in the 4th quarter. Aigen Investment Management LP now owns 530 shares of the insurance provider’s stock valued at $915,000 after purchasing an additional 17 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Markel Group in the 4th quarter valued at $169,852,000. 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.