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

Markel Group Inc. (NYSE:MKL) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $2,025.00.

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Truist Financial lowered their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Finally, Brean Capital assumed coverage on shares of Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock.

Insider Activity

In other Markel Group news, Director Diane Leopold purchased 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the transaction, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director directly owned 645 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Institutional Investors Weigh In On Markel Group

Several hedge funds and other institutional investors have recently made changes to their positions in MKL. Canerector Inc. increased its position in shares of Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the last quarter. Norges Bank purchased a new stake in shares of Markel Group during the 4th quarter valued at about $317,583,000. Select Equity Group L.P. increased its position in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers increased its position in shares of Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,917.83 on Monday. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 13.82 and a beta of 0.67. The firm’s 50-day moving average is $1,854.73 and its 200 day moving average is $1,976.85. Markel Group has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63.

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

Markel Group Company Profile

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.