Royal Bank of Canada Raises Markel Group (NYSE:MKL) Price Target to $1,625.00

Markel Group (NYSE:MKL) had its price objective hoisted by Royal Bank of Canada from $1,475.00 to $1,625.00 in a research report released on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the insurance provider’s stock.

Other research analysts also recently issued research reports about the company. Truist Financial increased their price target on Markel Group from $1,400.00 to $1,600.00 and gave the stock a hold rating in a research note on Friday. Janney Montgomery Scott reaffirmed a neutral rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Finally, Jefferies Financial Group cut shares of Markel Group from a buy rating to a hold rating and lowered their target price for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $1,520.00.

Markel Group Stock Performance

Shares of NYSE:MKL traded up $10.56 during mid-day trading on Friday, reaching $1,591.62. The company had a trading volume of 46,511 shares, compared to its average volume of 48,916. The company’s 50-day moving average price is $1,488.09 and its 200-day moving average price is $1,444.75. Markel Group has a one year low of $1,295.65 and a one year high of $1,619.31. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 8.54 and a beta of 0.69. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Howland Capital Management LLC bought a new position in Markel Group in the 1st quarter worth about $288,000. Geneos Wealth Management Inc. raised its stake in Markel Group by 43.4% in the first quarter. Geneos Wealth Management Inc. now owns 76 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 23 shares in the last quarter. Buck Wealth Strategies LLC bought a new stake in Markel Group during the first quarter valued at approximately $1,888,000. GSA Capital Partners LLP purchased a new position in Markel Group in the 1st quarter worth approximately $437,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Markel Group in the 1st quarter worth $776,000. Institutional investors own 77.12% of the company’s stock.

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.