Markel Group Inc. (NYSE:MKL) Receives $1,626.83 Average Price Target from Analysts

Markel Group Inc. (NYSE:MKL) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1,626.83.

MKL has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Citigroup boosted their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd.

Markel Group Price Performance

Shares of MKL opened at $1,548.57 on Monday. The firm has a market cap of $20.14 billion, a PE ratio of 8.36 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $1,565.29 and a two-hundred day simple moving average of $1,534.04. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the sale, the director now directly owns 66,668 shares in the company, valued at $109,228,184.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Markel Group news, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the transaction, the director now directly owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the transaction, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Markel Group

A number of hedge funds have recently added to or reduced their stakes in MKL. DekaBank Deutsche Girozentrale lifted its holdings in Markel Group by 5.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,669 shares of the insurance provider’s stock worth $2,349,000 after buying an additional 84 shares during the period. Bleakley Financial Group LLC lifted its holdings in Markel Group by 13.6% during the fourth quarter. Bleakley Financial Group LLC now owns 184 shares of the insurance provider’s stock worth $261,000 after buying an additional 22 shares during the period. International Assets Investment Management LLC purchased a new stake in Markel Group during the fourth quarter worth $18,145,000. Allspring Global Investments Holdings LLC lifted its holdings in Markel Group by 616.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock worth $5,991,000 after buying an additional 3,630 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Markel Group by 21.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 740 shares of the insurance provider’s stock worth $1,051,000 after buying an additional 129 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.