Markel Group Inc. (NYSE:MKL) Receives $1,520.00 Average Price Target from Analysts

Shares of Markel Group Inc. (NYSE:MKL) have been given a consensus rating of “Reduce” by the five ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1,520.00.

MKL has been the subject of several analyst reports. Jefferies Financial Group cut Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Royal Bank of Canada boosted their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday. Truist Financial boosted their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th.

Markel Group Stock Performance

NYSE:MKL opened at $1,592.43 on Friday. The stock has a market cap of $20.70 billion, a P/E ratio of 8.60 and a beta of 0.69. The stock has a 50 day simple moving average of $1,491.08 and a 200 day simple moving average of $1,445.53. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,619.31.

Hedge Funds Weigh In On Markel Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Markel Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after buying an additional 9,216 shares during the last quarter. Morgan Stanley raised its holdings in shares of Markel Group by 3.2% in the 3rd quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after purchasing an additional 16,597 shares during the period. Boston Partners raised its holdings in shares of Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after purchasing an additional 125,507 shares during the period. Norges Bank bought a new stake in shares of Markel Group in the 4th quarter worth approximately $214,216,000. Finally, Mackenzie Financial Corp raised its holdings in Markel Group by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock valued at $183,935,000 after acquiring an additional 3,476 shares during the period. 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.