Markel Group Inc. (NYSE:MKL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have been given an average rating of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2,025.00.

Several research firms have issued reports on MKL. Truist Financial decreased their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Brean Capital initiated coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Finally, Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th.

Markel Group Stock Performance

NYSE MKL opened at $1,917.83 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The company has a market capitalization of $23.99 billion, a PE ratio of 13.82 and a beta of 0.67. The company has a fifty day moving average of $1,854.73 and a two-hundred day moving average of $1,976.22.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. As a group, analysts expect that Markel Group will post 113.55 earnings per share for the current year.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diane Leopold bought 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the acquisition, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Markel Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Diversify Advisory Services LLC raised its holdings in Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 5 shares in the last quarter. Keybank National Association OH raised its holdings in Markel Group by 0.7% during the fourth quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in Markel Group by 3.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 5 shares in the last quarter. Root Financial Partners LLC raised its holdings in Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 5 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other 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.