Markel Group Inc. (NYSE:MKL) Receives $1,520.00 Average PT from Analysts

Markel Group Inc. (NYSE:MKL) has earned a consensus rating of “Reduce” from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1,520.00.

MKL has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Truist Financial boosted their price target on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada raised their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th.

Hedge Funds Weigh In On Markel Group

A number of institutional investors have recently bought and sold shares of MKL. Norges Bank purchased a new position in Markel Group during the fourth quarter valued at approximately $214,216,000. Boston Partners grew its stake in shares of Markel Group by 400.1% during the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after purchasing an additional 125,507 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Markel Group during the 1st quarter valued at approximately $133,143,000. Jennison Associates LLC lifted its stake in shares of Markel Group by 111.3% in the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after purchasing an additional 41,086 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in Markel Group during the first quarter valued at $60,937,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,618.00 on Friday. The business has a 50-day simple moving average of $1,496.74 and a two-hundred day simple moving average of $1,447.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $21.04 billion, a price-to-earnings ratio of 8.74 and a beta of 0.69. Markel Group has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,621.09.

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.