Markel Group Inc. (NYSE:MKL) Stock Has Consensus Price Target of $2,025.00

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

A number of analysts have recently issued reports on MKL shares. Wolfe Research assumed coverage on Markel Group in a research report on Wednesday, July 1st. They set an “underperform” rating for the company. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th.

Markel Group Trading Down 0.1%

Shares of Markel Group stock opened at $1,736.14 on Wednesday. The company has a market capitalization of $21.51 billion, a P/E ratio of 9.55 and a beta of 0.64. The stock has a fifty day simple moving average of $1,818.15 and a 200 day simple moving average of $1,865.86. Markel Group has a 12-month low of $1,704.17 and a 12-month high of $2,207.59. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its position in Markel Group by 13.2% during the second quarter. QRG Capital Management Inc. now owns 619 shares of the insurance provider’s stock valued at $1,209,000 after purchasing an additional 72 shares in the last quarter. Andra AP fonden boosted its holdings in shares of Markel Group by 98.6% in the 2nd quarter. Andra AP fonden now owns 2,659 shares of the insurance provider’s stock worth $5,193,000 after purchasing an additional 1,320 shares in the last quarter. Silicon Valley Capital Partners increased its position in shares of Markel Group by 283.3% during the 2nd quarter. Silicon Valley Capital Partners now owns 23 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 17 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in shares of Markel Group in the 2nd quarter valued at $45,000. Finally, Blue Edge Capital LLC boosted its position in Markel Group by 79.3% during the second quarter. Blue Edge Capital LLC now owns 1,997 shares of the insurance provider’s stock valued at $3,900,000 after buying an additional 883 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.