Wall Street Zen Upgrades Markel Group (NYSE:MKL) to “Buy”

Markel Group (NYSE:MKL) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

MKL has been the topic of a number of other research reports. Truist Financial increased their price target on shares of Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2,100.00.

Markel Group Trading Down 0.3%

Shares of MKL opened at $1,941.90 on Friday. Markel Group has a 1-year low of $1,621.89 and a 1-year high of $2,207.59. The company has a market capitalization of $24.43 billion, a P/E ratio of 11.44 and a beta of 0.77. 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 $2,057.59 and its 200 day simple moving average is $2,024.61.

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 Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in Markel Group in the 4th quarter worth $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group during the fourth quarter valued at about $26,000. Reflection Asset Management purchased a new stake in shares of Markel Group during the fourth quarter worth about $26,000. Clearstead Trust LLC boosted its holdings in shares of Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Markel Group in the third quarter worth about $29,000. 77.12% of the stock is currently owned by institutional investors.

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.