Markel Group Inc. (NYSE:MKL) Receives $1,520.00 Average Target Price from Analysts

Shares of Markel Group Inc. (NYSE:MKL) have been assigned 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 rating and four have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1,520.00.

Several research analysts have commented on the company. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. Truist Financial upped their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,575.66 on Friday. The firm has a market capitalization of $20.49 billion, a PE ratio of 8.51 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $1,579.75 and a two-hundred day moving average price of $1,499.72. 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 released its quarterly earnings data 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). The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. Equities analysts forecast that Markel Group will post 82.83 EPS for the current year.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the firm’s 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 sale, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Greta J. Harris sold 122 shares of the stock in a transaction on 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 transaction, the director now owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 3,000 shares of Markel Group stock in a transaction on 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 completion of the transaction, the director now owns 66,668 shares in the company, valued at approximately $109,228,184.52. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Markel Group during the 4th quarter worth approximately $214,216,000. Boston Partners increased its stake in shares of Markel Group by 400.1% in the fourth quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after buying an additional 125,507 shares during the period. Global Assets Advisory LLC bought a new stake in Markel Group during the 1st quarter valued at $133,143,000. Jennison Associates LLC boosted its position in Markel Group by 111.3% during the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after buying an additional 41,086 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in Markel Group during the 1st quarter valued at $60,937,000. 77.12% of the stock is owned by institutional investors.

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.