Brean Capital Initiates Coverage on Markel Group (NYSE:MKL)

Brean Capital assumed coverage on shares of Markel Group (NYSE:MKL) in a report released on Tuesday. The firm set a “neutral” rating and a $2,100.00 price target on the insurance provider’s stock. Brean Capital’s price target points to a potential upside of 10.93% from the company’s current price.

A number of other analysts have also recently commented on MKL. Zacks Research cut shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Truist Financial boosted their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, Wall Street Zen raised Markel Group from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2,100.00.

Markel Group Stock Down 0.3%

Markel Group stock opened at $1,893.08 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $23.81 billion, a PE ratio of 11.15 and a beta of 0.77. The business has a 50 day simple moving average of $2,022.78 and a 200-day simple moving average of $2,021.86. Markel Group has a 12 month low of $1,621.89 and a 12 month high of $2,207.59.

Insider Activity

In other news, CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the transaction, the chief executive officer owned 2,397 shares in the company, valued at $4,984,513.56. The trade was a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Markel Group

A number of hedge funds have recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in Markel Group in the 4th quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $26,000. Reflection Asset Management purchased a new stake in shares of Markel Group during the 4th quarter valued at approximately $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Markel Group during the 4th quarter valued at approximately $32,000. Finally, Basepoint Wealth LLC acquired a new position in Markel Group in the fourth quarter valued at approximately $32,000. 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.