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

Markel Group Inc. (NYSE:MKL) has earned an average rating of “Reduce” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $2,025.00.

MKL has been the topic of several analyst reports. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. 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 report on Thursday, April 30th. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 76 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director owned 645 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Diane Leopold acquired 100 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the acquisition, the director owned 2,190 shares of the company’s stock, valued at $3,925,815.90. This trade represents a 4.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Markel Group

Institutional investors have recently added to or reduced their stakes in the stock. Hudson Value Partners LLC increased its holdings in Markel Group by 10.6% in the 2nd quarter. Hudson Value Partners LLC now owns 3,940 shares of the insurance provider’s stock worth $7,695,000 after acquiring an additional 378 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. purchased a new position in Markel Group during the second quarter valued at $285,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Markel Group by 6.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 580 shares of the insurance provider’s stock valued at $1,133,000 after purchasing an additional 35 shares in the last quarter. Tactive Advisors LLC grew its position in shares of Markel Group by 6.2% in the second quarter. Tactive Advisors LLC now owns 941 shares of the insurance provider’s stock valued at $1,838,000 after purchasing an additional 55 shares during the period. Finally, Chemistry Wealth Management LLC grew its position in shares of Markel Group by 5.7% in the second quarter. Chemistry Wealth Management LLC now owns 3,174 shares of the insurance provider’s stock valued at $6,199,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.8%

Markel Group stock opened at $1,961.04 on Friday. The firm has a market cap of $24.53 billion, a PE ratio of 14.13 and a beta of 0.66. Markel Group has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The stock’s 50 day simple moving average is $1,888.25 and its two-hundred day simple moving average is $1,949.89. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share 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 firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Analysts anticipate that Markel Group will post 114.11 earnings per share for the current year.

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.