Markel Group Inc. (NYSE:MKL) Stock Rated “Reduce” by Wall Street Brokerages

Markel Group Inc. (NYSE:MKL) has been assigned a consensus rating of “Reduce” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four 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.

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

Institutional Investors Weigh In On Markel Group

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC increased its holdings in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares during the period. CHICAGO TRUST Co NA grew its position in Markel Group by 5.6% during the first quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider’s stock worth $216,000 after buying an additional 6 shares in the last quarter. Heartwood Wealth Advisors LLC increased its stake in Markel Group by 2.7% during the third quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock valued at $387,000 after acquiring an additional 6 shares during the period. Crestmont Private Wealth LLC increased its stake in Markel Group by 2.0% during the fourth quarter. Crestmont Private Wealth LLC now owns 417 shares of the insurance provider’s stock valued at $896,000 after acquiring an additional 8 shares during the period. Finally, Sterling Investment Counsel LLC raised its holdings in Markel Group by 8.6% in the 1st quarter. Sterling Investment Counsel LLC now owns 114 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 9 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,737.18 on Wednesday. The company has a market cap of $21.52 billion, a P/E ratio of 9.55 and a beta of 0.64. The business has a fifty day simple moving average of $1,806.34 and a 200-day simple moving average of $1,862.99. Markel Group has a 52 week low of $1,704.17 and a 52 week high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

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.