Markel Group (NYSE:MKL) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Markel Group has received a "Buy (B)" rating from Weiss Ratings, while Cowen maintains a "Hold" rating, indicating mixed analyst sentiment towards the stock.
• The company's latest earnings report revealed an EPS of $25.46, exceeding expectations of $24.74, alongside a revenue of $4.82 billion, which is a 24.3% year-over-year increase.
• Markel Group's stock is currently priced at $1,954.83 with an average price target of $1,930.50, reflecting a consensus rating of "Hold" among analysts.

Markel Group (NYSE:MKL - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Cowen reiterated a "hold" rating on shares of Markel Group in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,930.50.

Markel Group Stock Down 0.5%

NYSE MKL opened at $1,954.83 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $24.73 billion, a P/E ratio of 11.72 and a beta of 0.78. Markel Group has a one year low of $1,521.25 and a one year high of $2,075.92. The stock has a 50 day moving average price of $1,940.00 and a 200-day moving average price of $1,914.17.

Markel Group (NYSE:MKL - Get Free Report) last posted its 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. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $18.62 EPS. As a group, equities analysts predict that Markel Group will post 96.25 EPS for the current fiscal year.

Institutional Trading of Markel Group

Several institutional investors and hedge funds have recently made changes to their positions in MKL. Sierra Ocean LLC bought a new stake in shares of Markel Group during the first quarter worth $28,000. Clearstead Trust LLC lifted its position in shares of Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider's stock worth $28,000 after purchasing an additional 9 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Markel Group during the first quarter valued at $32,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Markel Group during the second quarter valued at $32,000. 77.12% of the stock is currently owned by institutional investors.

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.

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