Markel Group Inc. (NYSE:MKL) Receives Average Rating of “Hold” from Analysts

Markel Group Inc. (NYSE:MKL) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $2,100.00.

Several analysts have recently commented on the company. Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial increased their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a report on Friday, February 6th. Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th.

Markel Group Trading Down 0.3%

Shares of NYSE MKL opened at $1,941.90 on Friday. The stock has a market capitalization of $24.42 billion, a P/E ratio of 11.44 and a beta of 0.77. The business’s 50 day moving average is $2,057.59 and its two-hundred day moving average is $2,023.60. Markel Group has a 1-year low of $1,621.89 and a 1-year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Insiders Place Their Bets

In other Markel Group news, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Markel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Markel Group during the fourth quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Markel Group by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock valued at $204,000 after buying an additional 13 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Markel Group by 9.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock worth $64,883,000 after buying an additional 3,083 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after acquiring an additional 137 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Markel Group by 17.2% during the second quarter. Penserra Capital Management LLC now owns 68 shares of the insurance provider’s stock worth $135,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

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.