Analysts Set Markel Group Inc. (NYSE:MKL) Target Price at $2,025.00

Markel Group Inc. (NYSE:MKL) has been given a consensus recommendation of “Reduce” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $2,025.00.

A number of analysts recently commented on MKL shares. Weiss Ratings lowered Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wolfe Research began coverage on Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Brean Capital assumed coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Truist Financial lowered their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th.

Insider Activity at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Leopold bought 50 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MKL. Norges Bank purchased a new position in Markel Group in the 4th quarter worth approximately $317,583,000. Select Equity Group L.P. raised its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares in the last quarter. Davis Selected Advisers raised its position in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after buying an additional 41,632 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after acquiring an additional 24,557 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Markel Group by 13.0% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after acquiring an additional 23,631 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 0.1%

Shares of Markel Group stock opened at $1,970.12 on Friday. The stock has a fifty day simple moving average of $1,878.19 and a 200 day simple moving average of $1,955.23. The company has a market capitalization of $24.65 billion, a P/E ratio of 14.20 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group has a 12-month low of $1,719.41 and a 12-month high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. On average, sell-side analysts anticipate that Markel Group will post 114.11 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.