Markel Group (NYSE:MKL) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Markel Group (NYSE:MKL) from a sell rating to a hold rating in a research note published on Saturday.

MKL has been the subject of several other reports. Truist Financial decreased their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Wolfe Research began coverage on Markel Group in a research report on Wednesday, July 1st. They issued an “underperform” rating on the stock. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Markel Group currently has a consensus rating of “Reduce” and a consensus target price of $2,025.00.

Markel Group Stock Performance

Shares of MKL stock opened at $1,882.00 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $23.32 billion, a PE ratio of 10.35 and a beta of 0.66. Markel Group has a 12-month low of $1,719.41 and a 12-month high of $2,207.59. The business’s fifty day simple moving average is $1,902.13 and its 200-day simple moving average is $1,944.19.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane Leopold bought 100 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $1,792.61 per share, for a total transaction of $179,261.00. Following the transaction, the director owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This represents a 4.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Markel Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in Markel Group by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 97,923 shares of the insurance provider’s stock valued at $211,172,000 after purchasing an additional 11,439 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Markel Group by 6.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,484 shares of the insurance provider’s stock worth $26,595,000 after buying an additional 732 shares in the last quarter. Ervin Investment Management LLC grew its position in shares of Markel Group by 259.2% during the fourth quarter. Ervin Investment Management LLC now owns 9,110 shares of the insurance provider’s stock worth $19,583,000 after buying an additional 6,574 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Markel Group by 77.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,552 shares of the insurance provider’s stock worth $3,336,000 after buying an additional 679 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Markel Group by 3,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after acquiring an additional 24,557 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Company Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.