Analysts Set Markel Group Inc. (NYSE:MKL) Target Price at $2,025.00

Markel Group Inc. (NYSE:MKL) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $2,025.00.

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

Markel Group Stock Up 0.1%

Shares of MKL opened at $1,828.12 on Friday. Markel Group has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 10.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a fifty day moving average of $1,893.22 and a 200-day moving average of $1,900.77.

Institutional Investors Weigh In On Markel Group

Several hedge funds have recently made changes to their positions in MKL. California State Teachers Retirement System raised its stake in Markel Group by 194,510.4% during the 2nd quarter. California State Teachers Retirement System now owns 35,222,535 shares of the insurance provider’s stock valued at $68,789,963,000 after buying an additional 35,204,436 shares during the last quarter. Guardian Wealth Advisors LLC NC increased its stake in Markel Group by 11.4% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 302 shares of the insurance provider’s stock worth $590,000 after buying an additional 31 shares in the last quarter. Wedmont Private Capital raised its stake in Markel Group by 13.7% during the 2nd quarter. Wedmont Private Capital now owns 133 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 16 shares during the period. Saudi Central Bank boosted its position in shares of Markel Group by 88.8% during the second quarter. Saudi Central Bank now owns 878 shares of the insurance provider’s stock worth $1,715,000 after acquiring an additional 413 shares during the last quarter. Finally, Strive Financial Group LLC increased its stake in Markel Group by 8.9% in the 2nd quarter. Strive Financial Group LLC now owns 134 shares of the insurance provider’s stock worth $262,000 after acquiring an additional 11 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

About Markel Group

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.