Markel Group Inc. (NYSE:MKL) Receives $2,100.00 Consensus Target Price from Brokerages

Markel Group Inc. (NYSE:MKL) has been given a consensus rating of “Hold” by the five analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $2,100.00.

Several equities analysts recently commented on MKL shares. Zacks Research lowered Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Wall Street Zen upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Truist Financial upped their price objective on shares of Markel Group from $2,000.00 to $2,100.00 and gave the company a “hold” rating in a research note on Friday, February 6th.

Markel Group Trading Up 0.7%

Shares of Markel Group stock opened at $1,956.11 on Friday. Markel Group has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,207.59. The business’s fifty day moving average is $2,053.75 and its two-hundred day moving average is $2,024.61. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $24.60 billion, a PE ratio of 11.52 and a beta of 0.77.

Insider Activity

In related news, CEO Simon Wilson sold 100 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the completion of the sale, the chief executive officer directly owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On Markel Group

A number of hedge funds have recently made changes to their positions in the stock. Valley National Advisers Inc. purchased a new stake in shares of Markel Group during the 4th quarter valued at $25,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Markel Group in the 4th quarter worth $26,000. Reflection Asset Management purchased a new position in shares of Markel Group in the 4th quarter worth $26,000. Clearstead Trust LLC boosted its holdings in Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 9 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Markel Group in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

About Markel Group

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.