Markel Group (NYSE:MKL) Price Target Raised to $1,625.00 at Royal Bank of Canada

Markel Group (NYSE:MKL - Get Free Report) had its price objective increased by analysts at Royal Bank of Canada from $1,475.00 to $1,625.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "sector perform" rating on the insurance provider's stock. Royal Bank of Canada's price target would suggest a potential upside of 2.86% from the company's previous close.

MKL has been the topic of several other reports. Truist Financial increased their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a "hold" rating in a research report on Friday. Jefferies Financial Group lowered shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Janney Montgomery Scott restated a "neutral" rating and set a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Markel Group currently has an average rating of "Hold" and a consensus price target of $1,520.00.

Markel Group Stock Up 0.2 %

Shares of MKL traded up $3.30 during mid-day trading on Friday, reaching $1,579.85. The company had a trading volume of 53,246 shares, compared to its average volume of 49,011. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 8.53 and a beta of 0.69. The firm has a 50-day moving average price of $1,488.09 and a 200 day moving average price of $1,445.51. Markel Group has a 52 week low of $1,295.65 and a 52 week high of $1,588.31.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $23.58 by $32.90. The business had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.75 billion. Markel Group had a return on equity of 11.45% and a net margin of 15.23%. On average, sell-side analysts forecast that Markel Group will post 80.08 EPS for the current year.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in Markel Group in the third quarter worth about $203,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Markel Group by 6.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,875 shares of the insurance provider's stock valued at $2,761,000 after purchasing an additional 111 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Markel Group by 43.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,859 shares of the insurance provider's stock worth $4,210,000 after purchasing an additional 864 shares during the period. Xponance Inc. increased its stake in shares of Markel Group by 16.5% in the third quarter. Xponance Inc. now owns 545 shares of the insurance provider's stock worth $803,000 after purchasing an additional 77 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Markel Group by 4.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 25,017 shares of the insurance provider's stock valued at $36,837,000 after purchasing an additional 1,061 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

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.