Markel Group (NYSE:MKL) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Markel Group Inc. (NYSE:MKL) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1,898.59 and traded as high as $1,908.48. Markel Group shares last traded at $1,904.9280, with a volume of 65,694 shares.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of recent analyst reports. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings cut Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Markel Group has a consensus rating of “Reduce” and an average target price of $2,025.00.

Markel Group Price Performance

The firm has a market cap of $23.88 billion, a P/E ratio of 17.16 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $1,805.09 and its two-hundred day moving average is $1,896.95.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MKL. Pin Oak Investment Advisors Inc. bought a new stake in shares of Markel Group during the 2nd quarter valued at about $31,000. Fortitude Family Office LLC increased its holdings in Markel Group by 100.0% in the third quarter. Fortitude Family Office LLC now owns 22 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 11 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Markel Group in the second quarter worth approximately $39,000. NFSG Corp bought a new stake in Markel Group in the first quarter worth approximately $40,000. Finally, Security National Bank of SO Dak acquired a new position in Markel Group in the second quarter valued at approximately $45,000. 77.12% of the stock is owned by institutional investors.

About Markel Group

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.