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

Shares of Markel Group Inc. (NYSE:MKL) have been given a consensus rating of “Reduce” by the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $2,025.00.

MKL has been the topic of a number of recent analyst reports. Brean Capital began coverage on Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Wolfe Research assumed coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Truist Financial decreased their price objective 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. Finally, Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd.

Insider Buying and Selling

In related news, Director Diane Leopold acquired 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average price of $1,789.19 per share, for a total transaction of $89,459.50. Following the transaction, the director directly owned 550 shares of the company’s stock, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value 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 SEC filing for this sale provides additional information. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Markel Group

Hedge funds have recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in Markel Group in the fourth quarter worth about $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group in the 4th quarter valued at about $26,000. Reflection Asset Management acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $32,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Markel Group during the fourth quarter worth approximately $32,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,959.41 on Friday. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of 14.12 and a beta of 0.66. The firm’s 50-day moving average price is $1,875.01 and its two-hundred day moving average price is $1,956.79. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group has a 1-year low of $1,719.41 and a 1-year high of $2,207.59.

Markel Group (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. On average, equities analysts predict that Markel Group will post 114.11 earnings per share 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.