Markel Group (NYSE:MKL) Sets New 52-Week Low – Here’s What Happened

Markel Group Inc. (NYSE:MKL)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $1,712.45 and last traded at $1,716.7330, with a volume of 82771 shares traded. The stock had previously closed at $1,740.09.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MKL shares. Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. Finally, Wolfe Research initiated coverage on Markel Group in a report on Wednesday, July 1st. They issued an “underperform” rating for the company. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Markel Group Stock Performance

The firm’s fifty day moving average price is $1,818.15 and its 200-day moving average price is $1,866.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $21.51 billion, a P/E ratio of 9.55 and a beta of 0.64.

Institutional Trading of Markel Group

A number of hedge funds have recently modified their holdings of the company. JANA Partners Management LP lifted its position in Markel Group by 1.9% in the second quarter. JANA Partners Management LP now owns 76,743 shares of the insurance provider’s stock worth $149,880,000 after purchasing an additional 1,436 shares during the period. Bank of New York Mellon Corp acquired a new stake in Markel Group during the second quarter worth $68,051,000. Hsbc Holdings PLC increased its holdings in Markel Group by 18.4% in the 2nd quarter. Hsbc Holdings PLC now owns 33,966 shares of the insurance provider’s stock valued at $66,423,000 after buying an additional 5,269 shares during the period. Quantbot Technologies LP acquired a new position in shares of Markel Group in the 2nd quarter valued at $5,486,000. Finally, Man Group plc acquired a new position in shares of Markel Group in the 2nd quarter valued at $3,312,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.