Markel Group Inc. (NYSE:MKL) Receives Average Rating of “Reduce” from Analysts

Markel Group Inc. (NYSE:MKL) has been given a consensus recommendation of “Reduce” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $1,626.83.

A number of brokerages recently weighed in on MKL. Jefferies Financial Group lifted their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada reduced their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, January 27th.

Hedge Funds Weigh In On Markel Group

Several hedge funds and other institutional investors have recently made changes to their positions in MKL. SpiderRock Advisors LLC increased its stake in Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares during the last quarter. Versor Investments LP lifted its position in Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after purchasing an additional 160 shares during the period. Fiduciary Alliance LLC increased its position in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after purchasing an additional 379 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Markel Group in the second quarter valued at $2,803,000. Finally, Franklin Resources Inc. lifted its stake in Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after acquiring an additional 527 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,829.52 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $23.53 billion, a P/E ratio of 8.44 and a beta of 0.78. The stock has a 50-day moving average of $1,751.84 and a two-hundred day moving average of $1,641.26. Markel Group has a 1-year low of $1,342.66 and a 1-year high of $1,842.48.

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.