Markel Group Inc. (NYSE:MKL) Receives $1,727.75 Average PT from Analysts

Shares of Markel Group Inc. (NYSE:MKL) have earned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $1,727.75.

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th.

Markel Group Price Performance

NYSE MKL opened at $2,000.63 on Friday. The business has a 50 day simple moving average of $1,951.13 and a 200 day simple moving average of $1,871.15. Markel Group has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. 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 stock has a market cap of $25.39 billion, a price-to-earnings ratio of 14.74 and a beta of 0.84.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the sale, the director owned 632 shares in the company, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MKL. Brighton Jones LLC purchased a new stake in shares of Markel Group in the fourth quarter worth approximately $236,000. Avantax Advisory Services Inc. raised its stake in shares of Markel Group by 12.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 299 shares of the insurance provider’s stock worth $516,000 after purchasing an additional 32 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Markel Group in the fourth quarter worth approximately $493,000. Corient Private Wealth LLC raised its stake in shares of Markel Group by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 3,023 shares of the insurance provider’s stock worth $5,218,000 after purchasing an additional 52 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Markel Group by 9.9% in the fourth quarter. Xponance Inc. now owns 1,592 shares of the insurance provider’s stock worth $2,748,000 after purchasing an additional 143 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

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.