Markel Group (NYSE:MKL) Reaches New 52-Week High at $1,619.64

Markel Group Inc. (NYSE:MKL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $1,619.64 and last traded at $1,615.79, with a volume of 6708 shares changing hands. The stock had previously closed at $1,615.15.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Jefferies Financial Group cut Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Royal Bank of Canada lifted their price target on shares of 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. Finally, Janney Montgomery Scott reiterated a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,520.00.

Markel Group Trading Up 0.2 %

The company has a market cap of $21.04 billion, a P/E ratio of 8.72 and a beta of 0.69. The business has a 50 day moving average price of $1,494.15 and a 200-day moving average price of $1,446.68. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Markel Group

A number of institutional investors have recently bought and sold shares of MKL. Opal Wealth Advisors LLC raised its stake in Markel Group by 2.3% in the 4th quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after acquiring an additional 7 shares during the period. Signaturefd LLC grew its position in shares of Markel Group by 4.9% in the fourth quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 7 shares during the last quarter. Intellectus Partners LLC increased its stake in shares of Markel Group by 1.9% during the fourth quarter. Intellectus Partners LLC now owns 429 shares of the insurance provider’s stock worth $609,000 after purchasing an additional 8 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Markel Group by 1.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 434 shares of the insurance provider’s stock worth $616,000 after purchasing an additional 8 shares during the last quarter. Finally, Watchman Group Inc. boosted its stake in Markel Group by 0.3% in the 4th quarter. Watchman Group Inc. now owns 2,355 shares of the insurance provider’s stock valued at $3,344,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

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.