Markel Group Inc. (NYSE:MKL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $1,626.83.

Several research analysts recently weighed in on the stock. TD Cowen started coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. Truist Financial increased their price objective on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada increased their price target on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd.

Insider Activity

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the purchase, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the sale, the director now directly owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Markel Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Markel Group in the 4th quarter valued at approximately $214,216,000. Boston Partners boosted its holdings in Markel Group by 400.1% in the fourth quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after purchasing an additional 125,507 shares during the period. Global Assets Advisory LLC purchased a new stake in Markel Group during the 1st quarter worth about $133,143,000. Jennison Associates LLC raised its position in 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 in the last quarter. Finally, Confluence Investment Management LLC acquired a new position in shares of Markel Group during the first quarter worth about $60,937,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.3 %

MKL opened at $1,548.57 on Monday. The stock has a market cap of $20.14 billion, a PE ratio of 8.36 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The business has a 50 day moving average of $1,565.29 and a 200-day moving average of $1,533.58.

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.