Markel Group Inc. (NYSE:MKL) Stock Has Consensus Price Target of $2,025.00

Shares of Markel Group Inc. (NYSE:MKL) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $2,025.00.

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st.

Markel Group Price Performance

Markel Group stock opened at $1,861.59 on Friday. Markel Group has a 12-month low of $1,704.17 and a 12-month high of $2,207.59. The firm has a 50 day moving average of $1,794.90 and a 200 day moving average of $1,903.62.

Hedge Funds Weigh In On Markel Group

A number of hedge funds have recently made changes to their positions in MKL. BlackRock Inc. purchased a new position in Markel Group in the 2nd quarter worth approximately $1,362,880,000. Dimensional Fund Advisors LP boosted its stake in Markel Group by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider’s stock worth $262,172,000 after purchasing an additional 6,428 shares during the period. Bank of America Corp DE bought a new position in Markel Group in the 2nd quarter worth approximately $231,608,000. Davis Asset Management L.P. purchased a new stake in Markel Group during the 2nd quarter valued at approximately $179,882,000. Finally, JANA Partners Management LP grew its holdings in Markel Group by 1.9% during the 2nd quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider’s stock valued at $149,880,000 after buying an additional 1,436 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

About Markel Group

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.