Markel Group Inc. (NYSE:MKL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Markel Group Inc. has received a consensus rating of "Hold" from five analysts, with three holding and two buying recommendations.
• The company recently reported strong quarterly earnings, with an EPS of $25.46 and a revenue of $4.82 billion, surpassing analysts' expectations significantly.
• Hedge funds and institutional investors own 77.12% of Markel Group's stock, indicating strong interest from large investment entities.

Shares of Markel Group Inc. (NYSE:MKL - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $1,820.3333.

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Markel Group in a research report on Saturday, September 27th.

Institutional Trading of Markel Group

A number of hedge funds have recently added to or reduced their stakes in MKL. Select Equity Group L.P. bought a new position in shares of Markel Group during the 1st quarter worth approximately $357,512,000. Norges Bank acquired a new position in shares of Markel Group during the second quarter worth $288,361,000. Epoch Investment Partners Inc. increased its position in shares of Markel Group by 49.5% during the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider's stock worth $201,953,000 after purchasing an additional 35,786 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Markel Group in the 1st quarter worth $45,796,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in Markel Group by 20.1% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider's stock worth $273,105,000 after buying an additional 24,487 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of MKL stock traded up $23.10 during mid-day trading on Friday, hitting $1,943.85. The company had a trading volume of 39,825 shares, compared to its average volume of 45,543. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The stock's 50 day moving average price is $1,943.03 and its 200-day moving average price is $1,911.77. Markel Group has a 52-week low of $1,521.25 and a 52-week high of $2,075.92. The company has a market capitalization of $24.59 billion, a P/E ratio of 11.66 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 EPS for the quarter, beating analysts' consensus estimates of $24.74 by $0.72. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company earned $18.62 earnings per share. The firm's revenue was up 24.3% on a year-over-year basis. Equities research analysts forecast that Markel Group will post 96.25 earnings per share for the current year.

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.

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