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

Shares of Markel Group Inc. (NYSE:MKL - Get Free Report) have been given a consensus recommendation of "Hold" by the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $1,727.75.

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Markel Group Trading Up 0.6%

NYSE MKL traded up $11.50 during trading hours on Friday, reaching $2,031.58. The company's stock had a trading volume of 46,025 shares, compared to its average volume of 51,648. The firm has a fifty day simple moving average of $1,949.47 and a 200-day simple moving average of $1,867.11. The stock has a market cap of $25.78 billion, a P/E ratio of 14.97 and a beta of 0.84. Markel Group has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly owned 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.66% of the company's stock.

Institutional Investors Weigh In On Markel Group

A number of hedge funds have recently made changes to their positions in MKL. Sierra Ocean LLC purchased a new stake in Markel Group during the first quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Markel Group by 183.3% during the first 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. purchased a new stake in Markel Group during the first quarter valued at about $32,000. ST Germain D J Co. Inc. lifted its holdings in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

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.