Markel Group Inc. (NYSE:MKL) Receives Average Rating of “Reduce” from Analysts

Shares of Markel Group Inc. (NYSE:MKLGet Free Report) have been given a consensus recommendation of “Reduce” by the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $1,520.00.

A number of equities analysts have commented on the stock. Truist Financial upped their target price 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, May 3rd. Janney Montgomery Scott reiterated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. Finally, Royal Bank of Canada increased their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd.

View Our Latest Research Report on Markel Group

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,606.62 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 8.68 and a beta of 0.73. The firm’s 50-day moving average is $1,545.90 and its 200 day moving average is $1,479.98. Markel Group has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Markel Group (NYSE:MKLGet Free Report) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a return on equity of 11.18% and a net margin of 15.23%. Research analysts predict that Markel Group will post 82.83 EPS for the current year.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 122 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares of the company’s stock, valued at $1,027,606.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the completion of the transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC raised its holdings in shares of Markel Group by 2.3% in the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock worth $452,000 after buying an additional 7 shares during the last quarter. Signaturefd LLC increased its stake in shares of Markel Group by 4.9% in the fourth quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock worth $214,000 after acquiring an additional 7 shares during the period. Intellectus Partners LLC increased its stake in shares of Markel Group by 1.9% in the fourth quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after acquiring an additional 8 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Markel Group by 1.9% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock worth $616,000 after acquiring an additional 8 shares during the period. Finally, Watchman Group Inc. increased its stake in shares of Markel Group by 0.3% in the fourth quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock worth $3,344,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

About Markel Group

(Get Free Report

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.

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Analyst Recommendations for Markel Group (NYSE:MKL)

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