Markel Group Inc. (NYSE:MKL) Receives $1,727.75 Average PT from Brokerages

Markel Group Inc. (NYSE:MKL - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1,727.75.

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Finally, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday.

Markel Group Stock Up 1.5%

Shares of MKL stock traded up $28.84 during trading hours on Friday, hitting $1,938.20. 221,539 shares of the company's stock traded hands, compared to its average volume of 51,052. The stock's fifty day simple moving average is $1,833.42 and its two-hundred day simple moving average is $1,811.11. Markel Group has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of 9.74 and a beta of 0.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Insider Activity at Markel Group

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the sale, the director now owns 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is owned by corporate insiders.

Institutional Trading of Markel Group

Several hedge funds have recently bought and sold shares of MKL. Sierra Ocean LLC purchased a new stake in shares of Markel Group during the 1st quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC grew its holdings in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group in the 1st quarter worth about $32,000. SBI Securities Co. Ltd. bought a new position in Markel Group in the 4th quarter worth about $36,000. Finally, FPC Investment Advisory Inc. bought a new position in Markel Group in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.