Markel Group Inc. (NYSE:MKL) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analyst consensus: Six research firms give Markel Group an average rating of "Hold" (four holds, two buys) with a 12-month average price target of $2,100.
• Valuation and trading: MKL opened at $1,904.75, has a market cap of about $23.96 billion and a P/E of 11.22, with a 1-year range of $1,653.31–$2,207.59.
• Insider and institutional activity: CEO Simon Wilson sold 100 shares (~$207,948), and institutional investors now own 77.12% of the company after several funds increased their stakes.

Markel Group Inc. (NYSE:MKL - Get Free Report) has received a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $2,100.00.

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a "buy (b+)" rating on shares of Markel Group in a research report on Friday, March 27th. Brean Capital assumed coverage on Markel Group in a research report on Tuesday, March 24th. They issued a "neutral" rating and a $2,100.00 price objective for the company. Truist Financial raised their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a "hold" rating in a research report on Friday, February 6th. Zacks Research cut Markel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Finally, Wall Street Zen raised Markel Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th.

Markel Group Stock Down 0.1%

Markel Group stock opened at $1,904.75 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $23.96 billion, a price-to-earnings ratio of 11.22 and a beta of 0.79. Markel Group has a 1-year low of $1,653.31 and a 1-year high of $2,207.59. The business has a fifty day moving average price of $1,995.49 and a 200-day moving average price of $2,020.04.

Insider Transactions at Markel Group

In related news, CEO Simon Wilson sold 100 shares of the firm's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the transaction, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Markel Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canerector Inc. raised its stake in Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider's stock worth $20,458,463,000 after acquiring an additional 10,698,016 shares during the last quarter. Vanguard Group Inc. raised its stake in Markel Group by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider's stock worth $2,242,020,000 after acquiring an additional 5,184 shares during the last quarter. Principal Financial Group Inc. raised its stake in Markel Group by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider's stock worth $1,045,947,000 after acquiring an additional 9,496 shares during the last quarter. Davis Selected Advisers raised its stake in Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider's stock worth $892,496,000 after acquiring an additional 41,632 shares during the last quarter. Finally, Select Equity Group L.P. raised its stake in Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider's stock worth $671,850,000 after acquiring an additional 145,146 shares during the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.