Markel Group (NYSE:MKL) Price Target Raised to $2,025.00 at Royal Bank of Canada

Markel Group (NYSE:MKL) had its price objective upped by Royal Bank of Canada from $1,750.00 to $2,025.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a sector perform rating on the insurance provider’s stock.

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

Markel Group Price Performance

Shares of NYSE MKL opened at $2,027.51 on Friday. The company has a fifty day moving average price of $1,761.26 and a 200 day moving average price of $1,648.97. Markel Group has a 1-year low of $1,405.11 and a 1-year high of $2,063.68. The firm has a market cap of $26.07 billion, a PE ratio of 10.19 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its 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 7.55% and a net margin of 16.34%. Research analysts predict that Markel Group will post 97.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Markel Group

A number of hedge funds and other institutional investors have recently modified their holdings of MKL. Brooklyn Investment Group acquired a new stake in Markel Group in the 3rd quarter worth about $31,000. FPC Investment Advisory Inc. acquired a new stake in shares of Markel Group in the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group in the fourth quarter valued at approximately $36,000. Toth Financial Advisory Corp boosted its stake in shares of Markel Group by 1,000.0% in the third 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 period. Finally, Larson Financial Group LLC acquired a new stake in Markel Group during the third quarter worth approximately $36,000. 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.