Brokerages Set Markel Group Inc. (NYSE:MKL) PT at $2,025.00

Markel Group Inc. (NYSE:MKL) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $2,025.00.

A number of brokerages have commented on MKL. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday. Zacks Research raised Markel Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Finally, Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th.

Insider Transactions at Markel Group

In other news, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer directly owned 1,770 shares in the company, valued at $3,669,103.80. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 1,330 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,575 shares of company stock worth $3,330,900 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

Institutional Trading of Markel Group

Institutional investors have recently made changes to their positions in the company. Canerector Inc. grew its stake in shares of Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after buying an additional 10,698,016 shares in the last quarter. Select Equity Group L.P. acquired a new position in Markel Group in the 1st quarter valued at about $357,512,000. Norges Bank purchased a new stake in Markel Group during the second quarter worth about $288,361,000. Epoch Investment Partners Inc. lifted its position in shares of Markel Group by 49.5% during the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock worth $201,953,000 after purchasing an additional 35,786 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Markel Group in the third quarter valued at approximately $46,738,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.3%

Shares of MKL opened at $2,182.93 on Tuesday. The firm has a market cap of $27.53 billion, a P/E ratio of 13.67 and a beta of 0.81. Markel Group has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The stock’s 50 day moving average is $2,040.93 and its two-hundred day moving average is $1,986.08. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, topping the consensus estimate of $22.77 by $8.13. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. Analysts predict that Markel Group will post 96.25 earnings per share for the current fiscal year.

Markel Group Company Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.