Shares of Markel Group Inc. (NYSE:MKL – Get Free Report) 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.
Check Out Our Latest Report on Markel Group
Insider Activity
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.
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