Markel Group (NYSE:MKL) Reaches New 1-Year High at $1,570.98

Markel Group Inc. (NYSE:MKL) reached a new 52-week high during trading on Thursday . The stock traded as high as $1,570.98 and last traded at $1,555.94, with a volume of 57731 shares changing hands. The stock had previously closed at $1,476.34.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted 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 report on Friday. Janney Montgomery Scott reiterated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. Truist Financial boosted their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $1,520.00.

Markel Group Price Performance

The stock has a market cap of $20.55 billion, a PE ratio of 8.53 and a beta of 0.69. The firm has a 50-day moving average of $1,488.09 and a 200-day moving average of $1,445.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.62.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, beating the consensus estimate of $23.58 by $32.90. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Research analysts predict that Markel Group Inc. will post 80.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Markel Group during the fourth quarter valued at approximately $18,145,000. Pinnacle Associates Ltd. raised its holdings in shares of Markel Group by 7.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after buying an additional 1,167 shares during the last quarter. Chicago Capital LLC purchased a new stake in Markel Group in the fourth quarter valued at approximately $3,313,000. Allspring Global Investments Holdings LLC grew its position in Markel Group by 616.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock worth $5,991,000 after purchasing an additional 3,630 shares during the period. Finally, Lathrop Investment Management Corp increased its holdings in shares of Markel Group by 11.7% during the 4th quarter. Lathrop Investment Management Corp now owns 7,776 shares of the insurance provider’s stock valued at $11,041,000 after purchasing an additional 815 shares in the last quarter. 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.