Markel Group Inc. (NYSE:MKL) Given Consensus Rating of “Hold” by Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have received an average rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2,100.00.

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Truist Financial increased their target price on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday. Finally, Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th.

Markel Group Stock Up 1.2%

MKL opened at $2,101.83 on Wednesday. Markel Group has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s fifty day moving average price is $2,103.03 and its two-hundred day moving average price is $2,011.34. The company has a market capitalization of $26.50 billion, a P/E ratio of 12.38 and a beta of 0.79.

Insider Activity

In related news, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This trade represents 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 Markel Group 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 transaction of $2,818,429.60. Following the completion of the transaction, the director owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This trade represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,575 shares of company stock worth $3,330,900. 1.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MKL. Valley National Advisers Inc. acquired a new position in Markel Group in the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group during the fourth quarter worth $26,000. Clearstead Trust LLC raised its stake in shares of Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 9 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group in the 3rd quarter valued at approximately $29,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Markel Group in the second quarter valued at approximately $32,000. Institutional investors own 77.12% of the company’s stock.

About Markel Group

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.