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

Shares of Markel Group Inc. (NYSE:MKL) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $2,025.00.

Several equities research analysts have recently issued reports on MKL shares. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research initiated coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th.

Markel Group Stock Performance

NYSE:MKL opened at $1,784.51 on Friday. The firm has a market capitalization of $22.11 billion, a PE ratio of 9.81 and a beta of 0.65. The stock’s fifty day moving average is $1,879.43 and its 200 day moving average is $1,893.90. Markel Group has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its stake in shares of Markel Group by 194,510.4% during the 2nd quarter. California State Teachers Retirement System now owns 35,222,535 shares of the insurance provider’s stock worth $68,789,963,000 after acquiring an additional 35,204,436 shares during the last quarter. BlackRock Inc. purchased a new stake in Markel Group in the second quarter worth $1,362,880,000. Select Equity Group L.P. increased its stake in 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 period. State Street Corp lifted its position in shares of Markel Group by 2.1% during the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock worth $581,818,000 after purchasing an additional 6,160 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock worth $440,379,000 after purchasing an additional 23,631 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

About Markel Group

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers’ compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.