Markel Group Inc. (NYSE:MKL) Receives Consensus Recommendation of "Hold" from Analysts

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

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

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the 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 transaction, the director now owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Markel Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA boosted its position in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares in the last quarter. Wellington Shields & Co. LLC boosted its position in Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after purchasing an additional 6 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in Markel Group by 0.7% during the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock valued at $1,642,000 after purchasing an additional 6 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock valued at $810,000 after purchasing an additional 7 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in Markel Group by 1.1% during the first quarter. Resonant Capital Advisors LLC now owns 654 shares of the insurance provider's stock valued at $1,223,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Trading Up 0.3%

NYSE:MKL traded up $5.30 during midday trading on Tuesday, hitting $1,990.04. 37,934 shares of the company traded hands, compared to its average volume of 51,588. The firm's fifty day moving average is $1,883.44 and its 200-day moving average is $1,834.56. Markel Group has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The firm has a market capitalization of $25.25 billion, a P/E ratio of 14.67 and a beta of 0.85. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

About Markel Group

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.