Markel Group (NYSE:MKL) Sees Unusually-High Trading Volume – What’s Next?

Shares of Markel Group Inc. (NYSE:MKL) saw unusually-strong trading volume on Monday . Approximately 16,510 shares traded hands during mid-day trading, a decline of 45% from the previous session’s volume of 30,074 shares.The stock last traded at $1,720.39 and had previously closed at $1,713.08.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Price Performance

The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 7.89 and a beta of 0.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $1,706.54 and its two-hundred day moving average is $1,616.41.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Equities research analysts anticipate that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Markel Group

Hedge funds have recently modified their holdings of the business. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the 3rd quarter valued at about $31,000. Toth Financial Advisory Corp grew its holdings in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Markel Group in the 3rd quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB bought a new stake in Markel Group in the 3rd quarter valued at approximately $42,000. Finally, UMB Bank n.a. boosted its position in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

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.