Markel Group Inc. (NYSE:MKL) Given Average Recommendation of “Reduce” by Brokerages

Markel Group Inc. (NYSE:MKL) has received an average recommendation of “Reduce” from the five brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $1,520.00.

MKL has been the topic of a number of recent analyst reports. Truist Financial upped their target price on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a research report on Friday, March 15th. Finally, Royal Bank of Canada boosted their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd.

Markel Group Stock Performance

NYSE MKL opened at $1,572.95 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $20.45 billion, a PE ratio of 8.50 and a beta of 0.73. The business’s 50-day moving average price is $1,565.17 and its 200 day moving average price is $1,492.85. Markel Group has a twelve month low of $1,295.65 and a twelve month high of $1,670.24.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.62 billion. On average, research analysts predict that Markel Group will post 82.83 earnings per share for the current year.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Markel Group news, Director Steven A. Markel sold 3,000 shares of Markel Group stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greta J. Harris sold 122 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Institutional Trading of Markel Group

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Markel Group during the 4th quarter worth $30,000. Blue Trust Inc. increased its position in Markel Group by 133.3% during the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after buying an additional 12 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Markel Group during the fourth quarter valued at about $57,000. Evermay Wealth Management LLC acquired a new stake in shares of Markel Group in the first quarter worth about $75,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Markel Group in the first quarter worth about $81,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

About Markel Group

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.