Analysts Set Markel Group Inc. (NYSE:MKL) Target Price at $2,025.00

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

Several research analysts recently issued reports on MKL shares. Wolfe Research started coverage on shares of Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating for the company. Weiss Ratings raised Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Truist Financial cut their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th.

Markel Group Price Performance

MKL stock opened at $1,843.94 on Tuesday. The firm has a 50 day simple moving average of $1,910.02 and a two-hundred day simple moving average of $1,929.46. The stock has a market cap of $22.85 billion, a PE ratio of 10.14 and a beta of 0.66. Markel Group has a one year low of $1,719.41 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Insider Transactions at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 645 shares of the company’s stock, valued at $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Markel Group

A number of hedge funds have recently made changes to their positions in MKL. Valley National Advisers Inc. purchased a new stake in Markel Group during the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group during the 4th quarter valued at about $26,000. Reflection Asset Management purchased a new stake in Markel Group during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Markel Group in the 3rd quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Markel Group during the fourth quarter valued at approximately $32,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Company Profile

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.