Markel Group Inc. (NYSE:MKL) Given Average Recommendation of “Hold” by Brokerages
by Teresa Graham · The Cerbat GemShares of Markel Group Inc. (NYSE:MKL – Get Free Report) have earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $2,100.00.
Several brokerages have commented on MKL. Brean Capital began coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Truist Financial raised their target price on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a report on Friday, March 27th. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Wall Street Zen upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th.
Read Our Latest Stock Report on MKL
Markel Group Stock Performance
Shares of MKL opened at $1,965.57 on Wednesday. Markel Group has a one year low of $1,698.99 and a one year high of $2,207.59. The company has a 50-day moving average of $1,987.73 and a two-hundred day moving average of $2,021.05. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 11.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.
Insider Activity at Markel Group
In related news, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.08% of the company’s stock.
Institutional Trading of Markel Group
Several institutional investors have recently made changes to their positions in the stock. Diversify Advisory Services LLC boosted its holdings in shares of Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 5 shares during the period. Keybank National Association OH boosted its holdings in shares of Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after purchasing an additional 5 shares during the period. Wellington Shields & Co. LLC boosted its holdings in shares of Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 5 shares during the period. Root Financial Partners LLC boosted its holdings in shares of Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 5 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.
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.