Brokerages Set Markel Group Inc. (NYSE:MKL) PT at $1,727.75

Markel Group Inc. (NYSE:MKL) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $1,727.75.

Several equities analysts recently issued reports on MKL shares. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Wall Street Zen lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th.

Markel Group Price Performance

NYSE:MKL opened at $1,938.20 on Friday. Markel Group has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The firm has a market cap of $24.59 billion, a price-to-earnings ratio of 9.74 and a beta of 0.84. The company’s 50-day moving average is $1,833.42 and its two-hundred day moving average is $1,811.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the sale, the director now directly owns 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anson Funds Management LP raised its holdings in shares of Markel Group by 31.4% in the 1st quarter. Anson Funds Management LP now owns 414 shares of the insurance provider’s stock worth $774,000 after purchasing an additional 99 shares during the period. Strs Ohio purchased a new stake in shares of Markel Group during the 1st quarter worth about $2,986,000. Ransom Advisory Ltd acquired a new stake in Markel Group during the 1st quarter worth approximately $64,000. Anchor Investment Management LLC raised its holdings in Markel Group by 21.8% in the first quarter. Anchor Investment Management LLC now owns 173 shares of the insurance provider’s stock valued at $323,000 after buying an additional 31 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Markel Group by 0.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,524 shares of the insurance provider’s stock valued at $189,810,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

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.