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

Markel Group Inc. (NYSE:MKL) has received an average recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $2,025.00.

A number of analysts recently commented on the stock. Weiss Ratings cut shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price target on the stock. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Truist Financial decreased their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th.

Insiders Place Their Bets

In other Markel Group news, Director Diane Leopold bought 100 shares of Markel Group stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the acquisition, the director owned 2,190 shares in the company, valued at approximately $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greta J. Harris sold 76 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Markel Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in shares of Markel Group during the 1st quarter valued at $381,000. Steelhead Wealth Management LLC bought a new position in shares of Markel Group during the 1st quarter valued at $645,000. Rathbones Group PLC grew its holdings in shares of Markel Group by 67.4% during the 1st quarter. Rathbones Group PLC now owns 2,616 shares of the insurance provider’s stock valued at $5,007,000 after purchasing an additional 1,053 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Markel Group by 1.1% during the 1st quarter. Parallel Advisors LLC now owns 2,965 shares of the insurance provider’s stock valued at $5,677,000 after purchasing an additional 31 shares during the last quarter. Finally, Blue Edge Capital LLC grew its holdings in shares of Markel Group by 233.5% during the 1st quarter. Blue Edge Capital LLC now owns 1,114 shares of the insurance provider’s stock valued at $2,132,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Trading Up 0.3%

Shares of MKL stock opened at $1,852.40 on Monday. Markel Group has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day simple moving average of $1,861.24 and a two-hundred day simple moving average of $1,981.99. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 13.35 and a beta of 0.67.

Markel Group (NYSE:MKL) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Research analysts anticipate that Markel Group will post 113.55 EPS for the current fiscal year.

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.