Markel Group (NYSE:MKL) Price Target Raised to $1,600.00 at Truist Financial

Markel Group (NYSE:MKL) had its price objective increased by Truist Financial from $1,400.00 to $1,600.00 in a research note published on Friday, Benzinga reports. Truist Financial currently has a hold rating on the insurance provider’s stock.

Several other brokerages also recently weighed in on MKL. Janney Montgomery Scott reaffirmed a neutral rating and set a $1,600.00 price target on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada restated a sector perform rating and set a $1,475.00 price objective on shares of Markel Group in a research report on Friday, February 2nd. Finally, Jefferies Financial Group lowered shares of Markel Group from a buy rating to a hold rating and dropped their target price for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Markel Group has an average rating of Hold and an average price target of $1,520.00.

Markel Group Trading Up 0.3 %

MKL traded up $4.51 on Friday, reaching $1,581.06. 53,246 shares of the company traded hands, compared to its average volume of 45,557. The company has a market cap of $20.55 billion, a P/E ratio of 8.53 and a beta of 0.69. The firm has a fifty day simple moving average of $1,488.09 and a two-hundred day simple moving average of $1,445.51. Markel Group has a one year low of $1,295.65 and a one year high of $1,588.31. The company has a quick ratio of 0.62, a current ratio of 0.61 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, equities research analysts expect that Markel Group will post 80.08 earnings per share for the current year.

Institutional Trading of Markel Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Markel Group by 150.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 12 shares during the period. GAMMA Investing LLC purchased a new position in Markel Group in the fourth quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 12 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Markel Group during the 4th quarter valued at approximately $57,000. Finally, Headlands Technologies LLC raised its holdings in Markel Group by 3,200.0% during the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 64 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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.