Markel Group Inc. (NYSE:MKL) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts collectively rate Markel Group “Hold”: Of five covering analysts, three recommend holding, one recommends selling and one recommends buying. The average 12-month price target is $2,025, compared with the stock’s reported price of $1,871.18.
• Recent rating changes were mixed: Wall Street Zen upgraded Markel to “Hold,” Wolfe Research initiated coverage with an “Underperform” rating, and Weiss Ratings upgraded the company to “Buy.”
• Institutional investors own 77.12% of Markel’s shares. The stock has traded between $1,704.17 and $2,207.59 over the past year and has a market capitalization of approximately $23.18 billion.

Shares of Markel Group Inc. (NYSE:MKL - Get Free Report) have earned an average recommendation of "Hold" from the five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $2,025.00.

MKL has been the subject of a number of research analyst reports. Wall Street Zen raised Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an "underperform" rating on the stock. Finally, Weiss Ratings raised Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th.

Hedge Funds Weigh In On Markel Group

Large investors have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new stake in Markel Group in the 2nd quarter valued at $31,000. Fortitude Family Office LLC increased its stake in Markel Group by 100.0% during the 3rd quarter. Fortitude Family Office LLC now owns 22 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 11 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Markel Group during the second quarter worth $39,000. NFSG Corp acquired a new position in Markel Group during the first quarter worth $40,000. Finally, Security National Bank of SO Dak acquired a new position in Markel Group during the second quarter worth $45,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

MKL stock opened at $1,871.18 on Friday. The stock has a market capitalization of $23.18 billion, a PE ratio of 10.29 and a beta of 0.64. The company's 50-day moving average is $1,792.68 and its 200-day moving average is $1,856.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group has a 1 year low of $1,704.17 and a 1 year high of $2,207.59.

Markel Group Company Profile

Markel Group Inc NYSE: MKL is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel's insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers' compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.

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