Markel Group Inc. (MKL) – What Are Investment Firms Saying About This Stock?

Shares of Markel Group Inc. (NYSE:MKL) have been given a consensus recommendation of “Reduce” by the five research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $2,025.00.

A number of analysts have weighed in on MKL shares. Wall Street Zen upgraded shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday.

Hedge Funds Weigh In On Markel Group

A number of hedge funds have recently bought and sold shares of MKL. BlackRock Inc. purchased a new stake in shares of Markel Group during the second quarter worth about $1,362,880,000. Dimensional Fund Advisors LP increased its stake in shares of Markel Group by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 136,985 shares of the insurance provider’s stock valued at $262,172,000 after purchasing an additional 6,428 shares in the last quarter. Bank of America Corp DE acquired a new stake in Markel Group in the 2nd quarter valued at $231,608,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Markel Group by 2.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 94,927 shares of the insurance provider’s stock valued at $163,122,000 after purchasing an additional 2,326 shares during the period. Finally, Davis Asset Management L.P. purchased a new stake in shares of Markel Group during the second quarter worth about $179,882,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.1%

MKL stock opened at $1,868.62 on Friday. The business has a 50 day moving average of $1,798.38 and a 200 day moving average of $1,899.53. The firm has a market cap of $22.85 billion, a PE ratio of 13.28 and a beta of 0.64. Markel Group has a twelve month low of $1,704.17 and a twelve month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel’s insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers’ compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.