Markel Group Inc. (NYSE:MKL) Receives Consensus Recommendation of “Hold” from Analysts

Markel Group Inc. (NYSE:MKL) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $1,727.75.

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director directly owned 632 shares in the company, valued at approximately $1,176,430.08. The trade was a 12.47% 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. 1.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Markel Group

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Markel Group in the 1st quarter valued at about $115,000. GAMMA Investing LLC raised its holdings in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock valued at $116,000 after buying an additional 7 shares during the period. Vontobel Holding Ltd. acquired a new position in Markel Group during the first quarter valued at approximately $372,000. Values Added Financial LLC grew its stake in Markel Group by 42.0% during the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $2,825,000 after buying an additional 447 shares during the period. Finally, Northstar Group Inc. increased its position in shares of Markel Group by 19.5% in the first quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider’s stock worth $4,040,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $2,031.58 on Friday. The company has a 50-day simple moving average of $1,946.91 and a 200-day simple moving average of $1,865.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $25.78 billion, a PE ratio of 14.97 and a beta of 0.84. Markel Group has a 12 month low of $1,491.03 and a 12 month high of $2,063.68.

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.