Markel Group Inc. (NYSE:MKL) Receives $1,597.67 Average PT from Analysts

Markel Group Inc. (NYSE:MKL) has received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $1,626.83.

MKL has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Citigroup increased their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday. Truist Financial upped their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company.

Markel Group Stock Up 0.1 %

Shares of MKL stock opened at $1,564.63 on Thursday. The stock has a market cap of $20.34 billion, a P/E ratio of 8.45 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a fifty day moving average price of $1,588.69 and a 200 day moving average price of $1,520.85. Markel Group has a one year low of $1,295.65 and a one year high of $1,670.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. Analysts predict that Markel Group will post 82.93 earnings per share for the current year.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now directly owns 66,668 shares in the company, valued at $109,228,184.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the completion of the sale, the director now directly owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Markel Group

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth approximately $18,145,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Markel Group by 2.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after acquiring an additional 888 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Markel Group by 7.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock valued at $25,070,000 after purchasing an additional 1,167 shares during the last quarter. Chicago Capital LLC acquired a new stake in shares of Markel Group in the 4th quarter valued at approximately $3,313,000. Finally, Sei Investments Co. lifted its stake in shares of Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

About Markel Group

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.