Markel Group (NYSE:MKL) Reaches New 1-Year Low - What's Next?

Key Points

• Markel Group shares hit a new 52-week low, falling 1.3% to about $1,716.73, well below their 50-day and 200-day moving averages.
• Analyst sentiment is cautious: five analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating, despite an average price target of $2,025.
• Institutional investors and hedge funds own 77.12% of Markel’s shares, while the company maintains a diversified specialty-insurance and investment business with a $21.27 billion market capitalization.

Markel Group Inc. (NYSE:MKL - Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $1,712.45 and last traded at $1,716.7330, with a volume of 82771 shares trading hands. The stock had previously closed at $1,740.09.

Analyst Ratings Changes

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

Markel Group Stock Down 1.3%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $21.27 billion, a P/E ratio of 9.44 and a beta of 0.65. The stock has a fifty day moving average price of $1,828.06 and a two-hundred day moving average price of $1,868.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MKL. Reflection Asset Management acquired a new stake in Markel Group during the fourth quarter worth about $26,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Markel Group during the second quarter valued at approximately $31,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $39,000. NFSG Corp acquired a new stake in shares of Markel Group during the 1st quarter worth approximately $40,000. Finally, Security National Bank of SO Dak bought a new stake in shares of Markel Group in the 2nd quarter worth approximately $45,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Company Profile

Markel Group Inc NYSE: MKL is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel's insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.

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