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

Markel Group Inc. (NYSE:MKL) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $1,626.83.

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

Markel Group Trading Down 0.1 %

Shares of MKL stock opened at $1,829.52 on Monday. Markel Group has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,842.48. The firm has a market capitalization of $23.53 billion, a P/E ratio of 8.44 and a beta of 0.78. The stock’s fifty day moving average is $1,751.84 and its two-hundred day moving average is $1,641.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MKL. New York State Common Retirement Fund raised its position in Markel Group by 4.1% in the fourth quarter. New York State Common Retirement Fund now owns 10,041 shares of the insurance provider’s stock valued at $17,333,000 after purchasing an additional 400 shares during the period. Mraz Amerine & Associates Inc. raised its holdings in Markel Group by 0.9% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 18,660 shares of the insurance provider’s stock valued at $32,211,000 after buying an additional 171 shares during the period. CIBC Asset Management Inc lifted its position in Markel Group by 13.2% in the fourth quarter. CIBC Asset Management Inc now owns 532 shares of the insurance provider’s stock valued at $918,000 after buying an additional 62 shares during the last quarter. Evergreen Wealth Management LLC boosted its stake in Markel Group by 2.3% during the fourth quarter. Evergreen Wealth Management LLC now owns 3,604 shares of the insurance provider’s stock worth $6,221,000 after buying an additional 81 shares during the period. Finally, Sanctuary Advisors LLC increased its position in shares of Markel Group by 2.1% during the fourth quarter. Sanctuary Advisors LLC now owns 2,188 shares of the insurance provider’s stock valued at $4,006,000 after acquiring an additional 45 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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.