Markel Group Inc. (NYSE:MKL) Receives Consensus Rating of “Hold” from Analysts

Shares of Markel Group Inc. (NYSE:MKL) have earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $2,025.00.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Finally, Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday.

Insider Buying and Selling

In related news, CEO Simon Wilson sold 75 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the transaction, the chief executive officer owned 1,770 shares of the company’s stock, valued at approximately $3,669,103.80. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total transaction of $2,818,429.60. Following the sale, the director owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,575 shares of company stock valued at $3,330,900. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. LGT Fund Management Co Ltd. acquired a new stake in Markel Group during the 2nd quarter valued at $793,000. Osaic Holdings Inc. boosted its position in Markel Group by 121.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock valued at $5,705,000 after buying an additional 1,563 shares during the last quarter. OLD National Bancorp IN purchased a new position in Markel Group in the 2nd quarter valued at about $310,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Markel Group by 5.3% during the second quarter. Nomura Asset Management Co. Ltd. now owns 4,017 shares of the insurance provider’s stock valued at $8,023,000 after acquiring an additional 203 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Markel Group by 10.8% during the second quarter. American Century Companies Inc. now owns 26,527 shares of the insurance provider’s stock worth $52,984,000 after acquiring an additional 2,575 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.4%

MKL stock opened at $2,058.20 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50 day simple moving average is $2,106.91 and its 200-day simple moving average is $2,007.03. Markel Group has a 12 month low of $1,621.89 and a 12 month high of $2,207.59. The firm has a market capitalization of $25.95 billion, a PE ratio of 12.88 and a beta of 0.80.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $22.77 by $8.13. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.76% and a net margin of 12.99%. Equities analysts expect that Markel Group will post 96.25 earnings per share for the current fiscal year.

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.