Markel Group (NYSE:MKL) Hits New 1-Year Low - Here's What Happened

Key Points

• Markel Group shares hit a new 52-week low, falling to $1,716.22 and last trading at about $1,720.71, down 0.8% from the prior close.
• Analyst sentiment is cautious: five analysts rate the stock Hold and one rates it Sell, giving Markel an overall “Reduce” consensus and a $2,025 price target.
• Markel has a $21.33 billion market capitalization and 77.12% institutional ownership, while its shares remain below both the 50-day and 200-day moving averages.

Markel Group Inc. (NYSE:MKL - Get Free Report) shares hit a new 52-week low on Friday. The company traded as low as $1,716.22 and last traded at $1,720.7080, with a volume of 13035 shares trading hands. The stock had previously closed at $1,735.23.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MKL shares. Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings downgraded Markel Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 17th. Finally, Wolfe Research started coverage on Markel Group in a research report on Wednesday, July 1st. They issued an "underperform" rating on the stock. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Markel Group presently has an average rating of "Reduce" and a consensus price target of $2,025.00.

Markel Group Trading Down 0.8%

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $21.33 billion, a PE ratio of 9.47 and a beta of 0.65. The stock's fifty day simple moving average is $1,846.66 and its 200 day simple moving average is $1,875.30.

Hedge Funds Weigh In On Markel Group

Hedge funds have recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Markel Group during the 4th quarter valued at $26,000. Reflection Asset Management purchased a new stake in Markel Group in the 4th quarter worth $26,000. Basepoint Wealth LLC bought a new stake in Markel Group during the fourth quarter valued at about $32,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Markel Group in the second quarter valued at about $31,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Markel Group in the fourth quarter valued at about $39,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Company Profile

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers' compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.

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