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

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

A number of equities research analysts have recently weighed in on MKL shares. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Royal Bank of Canada boosted their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Truist Financial increased their price target on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th.

Hedge Funds Weigh In On Markel Group

A number of large investors have recently modified their holdings of MKL. Hudson Value Partners LLC lifted its position in Markel Group by 1.4% in the 1st quarter. Hudson Value Partners LLC now owns 2,924 shares of the insurance provider’s stock valued at $4,449,000 after acquiring an additional 41 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Markel Group by 98.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 900 shares of the insurance provider’s stock valued at $1,369,000 after purchasing an additional 446 shares in the last quarter. Isthmus Partners LLC purchased a new position in shares of Markel Group during the first quarter valued at approximately $329,000. Russell Investments Group Ltd. grew its holdings in Markel Group by 14.2% during the first quarter. Russell Investments Group Ltd. now owns 17,414 shares of the insurance provider’s stock worth $26,513,000 after buying an additional 2,169 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Markel Group by 9.9% in the 1st quarter. QRG Capital Management Inc. now owns 690 shares of the insurance provider’s stock valued at $1,050,000 after buying an additional 62 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 0.2 %

MKL stock opened at $1,618.00 on Friday. Markel Group has a 52 week low of $1,295.65 and a 52 week high of $1,621.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. The company’s 50-day simple moving average is $1,496.74 and its 200 day simple moving average is $1,447.88. The company has a market capitalization of $21.04 billion, a PE ratio of 8.74 and a beta of 0.69.

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.