Markel Group (NYSE:MKL – Free Report) had its price objective boosted by Truist Financial from $1,400.00 to $1,600.00 in a research report released on Friday morning, Benzinga reports. They currently have a hold rating on the insurance provider’s stock.
Several other research analysts have also issued reports on MKL. Jefferies Financial Group lowered shares of Markel Group from a buy rating to a hold rating and decreased their price target for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Janney Montgomery Scott reaffirmed a neutral rating and set a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $1,475.00 price target on shares of Markel Group in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $1,520.00.
Check Out Our Latest Research Report on MKL
Markel Group Stock Up 0.7 %
Hedge Funds Weigh In On Markel Group
Several institutional investors have recently bought and sold shares of MKL. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Markel Group by 150.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 12 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Markel Group during the fourth quarter worth $30,000. Blue Trust Inc. grew its stake in Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 12 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Markel Group in the 4th quarter worth approximately $57,000. Finally, Headlands Technologies LLC increased its stake in shares of Markel Group by 3,200.0% in the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 64 shares during the period. Institutional investors own 77.12% of the company’s stock.
About Markel Group
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.
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