Markel Group Inc. (NYSE:MKL) Given Average Recommendation of “Reduce” by Brokerages

Shares of Markel Group Inc. (NYSE:MKL) have earned an average rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $1,520.00.

Several research analysts recently issued reports on MKL shares. Royal Bank of Canada raised their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. Finally, Truist Financial increased their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd.

Markel Group Trading Up 0.2 %

Shares of Markel Group stock opened at $1,572.95 on Friday. The firm’s 50-day moving average price is $1,565.17 and its two-hundred day moving average price is $1,492.85. The company has a market capitalization of $20.45 billion, a price-to-earnings ratio of 8.50 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group has a 12-month low of $1,295.65 and a 12-month high of $1,670.24.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a return on equity of 11.18% and a net margin of 15.23%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. On average, analysts forecast that Markel Group will post 82.83 earnings per share for the current fiscal year.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 122 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the sale, the director now owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the sale, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the sale, the director now owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Markel Group

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Markel Group in the 4th quarter worth about $214,216,000. Boston Partners increased its holdings in shares of Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after buying an additional 125,507 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Markel Group during the first quarter valued at approximately $133,143,000. Jennison Associates LLC increased its position in Markel Group by 111.3% during the fourth quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after acquiring an additional 41,086 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Markel Group during the first quarter valued at approximately $60,937,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Company Profile

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.