Markel Group (NYSE:MKL) PT Raised to $1,625.00 at Royal Bank of Canada

Markel Group (NYSE:MKL) had its price target raised by Royal Bank of Canada from $1,475.00 to $1,625.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a sector perform rating on the insurance provider’s stock.

Several other research analysts also recently weighed in on the stock. Jefferies Financial Group downgraded shares of Markel Group from a buy rating to a hold rating and cut their target price for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Janney Montgomery Scott reissued 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, Truist Financial lifted 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $1,520.00.

Markel Group Price Performance

MKL stock opened at $1,592.43 on Friday. The stock’s 50 day moving average price is $1,491.08 and its 200 day moving average price is $1,445.53. The firm has a market cap of $20.70 billion, a P/E ratio of 8.60 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. 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

A number of large investors have recently bought and sold shares of MKL. Ritter Daniher Financial Advisory LLC DE grew its position in Markel Group by 150.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 12 shares during the period. GAMMA Investing LLC acquired a new stake in Markel Group during the 4th quarter worth approximately $30,000. Blue Trust Inc. raised its holdings in Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after buying an additional 12 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in Markel Group during the fourth quarter valued at approximately $57,000. Finally, Headlands Technologies LLC grew its stake in Markel Group by 3,200.0% during the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Company Profile

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.