Markel Group (NYSE:MKL) Stock Rating Upgraded by Wall Street Zen

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

MKL has been the topic of a number of other reports. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating on the stock. Truist Financial dropped 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. Finally, Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $2,025.00.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,882.00 on Friday. The company has a market cap of $23.32 billion, a P/E ratio of 10.35 and a beta of 0.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The business has a fifty day simple moving average of $1,902.13 and a 200-day simple moving average of $1,942.96.

Insider Buying and Selling at Markel Group

In other news, Director Diane Leopold purchased 100 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was bought at an average cost of $1,792.61 per share, for a total transaction of $179,261.00. Following the completion of the purchase, the director directly owned 2,190 shares of the company’s stock, valued at $3,925,815.90. The trade was a 4.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the sale, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.08% of the company’s stock.

Institutional Trading of Markel Group

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Markel Group in the fourth quarter worth about $317,583,000. Select Equity Group L.P. raised its holdings in shares of Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after buying an additional 145,146 shares during the period. Davis Selected Advisers lifted its position in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after acquiring an additional 24,557 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in Markel Group by 13.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after acquiring an additional 23,631 shares during the period. Hedge funds and other 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.