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

Key Points

• Markel Group has an average “Reduce” rating from six analysts: one recommends selling and five advise holding. The average 12-month price target is $2,025.
• Institutional ownership stands at 77.12%, with BlackRock, Norges Bank, Bank of America, Davis Asset Management and Legal & General among investors establishing new positions.
• MKL shares opened at $1,741.43, near the company’s 52-week low of $1,716 and below its 50-day and 200-day moving averages of $1,832.61 and $1,870.54, respectively.

Shares of Markel Group Inc. (NYSE:MKL - Get Free Report) have been given an average recommendation of "Reduce" by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $2,025.00.

A number of analysts recently weighed in on MKL shares. Wolfe Research began coverage on Markel Group in a report on Wednesday, July 1st. They issued an "underperform" rating for the company. Wall Street Zen raised Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings lowered Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 17th.

Institutional Trading of Markel Group

Several institutional investors have recently added to or reduced their stakes in MKL. BlackRock Inc. bought a new position in Markel Group during the 2nd quarter worth approximately $1,362,880,000. Norges Bank bought a new stake in shares of Markel Group in the 4th quarter valued at $317,583,000. Bank of America Corp DE bought a new stake in shares of Markel Group in the 2nd quarter valued at $231,608,000. Davis Asset Management L.P. acquired a new stake in shares of Markel Group during the second quarter worth $179,882,000. Finally, Legal & General Group Plc acquired a new stake in shares of Markel Group during the second quarter worth $122,219,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Price Performance

MKL stock opened at $1,741.43 on Wednesday. The company has a market capitalization of $21.58 billion, a P/E ratio of 9.58 and a beta of 0.65. The company has a fifty day moving average price of $1,832.61 and a 200-day moving average price of $1,870.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group has a 52-week low of $1,716.00 and a 52-week high of $2,207.59.

About Markel Group

Markel Group Inc NYSE: MKL is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel's insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.

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