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

Markel Group Inc. (NYSE:MKL) has been given an average rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $2,100.00.

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research note on Friday, March 27th. Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Brean Capital assumed coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Truist Financial raised their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th.

Markel Group Stock Down 0.1%

Shares of NYSE MKL opened at $1,923.49 on Wednesday. Markel Group has a one year low of $1,698.99 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50 day simple moving average is $1,990.82 and its two-hundred day simple moving average is $2,020.39. The stock has a market capitalization of $24.13 billion, a P/E ratio of 11.33 and a beta of 0.79.

Insider Activity

In other news, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Canerector Inc. grew its holdings in shares of Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after purchasing an additional 10,698,016 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Markel Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,172,997 shares of the insurance provider’s stock worth $2,242,020,000 after purchasing an additional 5,184 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Markel Group by 1.8% in the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock worth $1,045,947,000 after purchasing an additional 9,496 shares during the last quarter. Davis Selected Advisers grew its stake in shares of Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Finally, Select Equity Group L.P. grew its stake in shares of Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

About Markel Group

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.