Markel Group Inc. (NYSE:MKL) Receives $2,025.00 Average PT from Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $2,025.00.

A number of research firms have recently weighed in on MKL. Truist Financial cut their price target on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Weiss Ratings cut Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Brean Capital began coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Finally, Wall Street Zen cut Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd.

Markel Group Stock Performance

MKL opened at $1,820.95 on Thursday. The business’s 50 day moving average is $1,882.79 and its 200-day moving average is $2,007.54. The stock has a market cap of $22.78 billion, a PE ratio of 13.12 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. On average, analysts predict that Markel Group will post 113.55 earnings per share for the current year.

Insider Activity at Markel Group

In other news, Director Diane Leopold bought 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the acquisition, the director directly owned 550 shares in the company, valued at approximately $984,054.50. This trade represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canerector Inc. grew its position in Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after buying an additional 10,698,016 shares during the last quarter. Norges Bank acquired a new position in Markel Group in the fourth quarter worth approximately $317,583,000. Select Equity Group L.P. grew its position in Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after buying an additional 145,146 shares during the last quarter. Davis Selected Advisers grew its position in Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Markel Group by 3,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

About Markel Group

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.