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

Shares of Markel Group Inc. (NYSE:MKL) have received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $2,100.00.

MKL has been the topic of several research analyst reports. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Truist Financial raised their target price on Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a report on Friday.

Markel Group Stock Up 1.2%

MKL stock opened at $2,101.83 on Wednesday. The firm has a market capitalization of $26.50 billion, a PE ratio of 12.38 and a beta of 0.79. The business’s 50 day simple moving average is $2,103.03 and its 200 day simple moving average is $2,011.34. Markel Group has a 1-year low of $1,621.89 and a 1-year high of $2,207.59. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,330 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the transaction, the director owned 60,368 shares of the company’s stock, valued at $127,927,036.16. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Simon Wilson sold 75 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the sale, the chief executive officer directly owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,575 shares of company stock valued at $3,330,900 in the last three months. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Markel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. bought a new position in Markel Group during the fourth quarter worth $25,000. Fideuram Asset Management Ireland dac bought a new stake in Markel Group during the fourth quarter valued at $26,000. Clearstead Trust LLC boosted its position in Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 9 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Markel Group in the 3rd quarter worth about $29,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Markel Group in the 2nd quarter valued at about $32,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Company Profile

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.