Markel Group Inc. (NYSE:MKL) Given Average Recommendation of “Hold” by Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have received a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2,025.00.

MKL has been the topic of a number of research analyst reports. Wolfe Research assumed coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,786.42 on Friday. The company has a market cap of $22.13 billion, a PE ratio of 9.82 and a beta of 0.65. Markel Group has a fifty-two week low of $1,719.41 and a fifty-two week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $1,887.29 and a two-hundred day simple moving average of $1,896.79.

Institutional Investors Weigh In On Markel Group

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Markel Group in the fourth quarter worth approximately $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 13 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider’s stock valued at $64,883,000 after purchasing an additional 3,083 shares during the last quarter. Empowered Funds LLC boosted its holdings in Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider’s stock valued at $778,000 after purchasing an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Markel Group during the 2nd quarter worth approximately $463,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Company Profile

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers’ compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.