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

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

Other equities analysts have also issued reports about the stock. Janney Montgomery Scott reissued a neutral rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Royal Bank of Canada reissued a sector perform rating and issued a $1,475.00 price target on shares of Markel Group in a research report on Friday, February 2nd. Finally, Jefferies Financial Group lowered Markel Group from a buy rating to a hold rating and cut their target price for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Markel Group has an average rating of Hold and an average target price of $1,520.00.

Markel Group Stock Performance

MKL stock opened at $1,592.43 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,619.31. The business has a 50-day moving average price of $1,491.08 and a 200 day moving average price of $1,445.53. The company has a market capitalization of $20.70 billion, a P/E ratio of 8.60 and a beta of 0.69.

Institutional Investors Weigh In On Markel Group

Several institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC boosted its stake in Markel Group by 2.3% in the 4th quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock worth $452,000 after purchasing an additional 7 shares in the last quarter. Signaturefd LLC grew its stake in Markel Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 7 shares during the last quarter. Intellectus Partners LLC raised its stake in shares of Markel Group by 1.9% in the fourth quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after purchasing an additional 8 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Markel Group by 1.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock valued at $616,000 after buying an additional 8 shares during the last quarter. Finally, Watchman Group Inc. increased its holdings in Markel Group by 0.3% in the 4th quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after buying an additional 8 shares during the period. 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.