Markel Group (NYSE:MKL) Reaches New 12-Month High at $1,619.64

Markel Group Inc. (NYSE:MKL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $1,619.64 and last traded at $1,615.79, with a volume of 6708 shares changing hands. The stock had previously closed at $1,615.15.

Analysts Set New Price Targets

MKL has been the subject of several research analyst reports. Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Truist Financial lifted their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. Finally, Royal Bank of Canada raised their price target on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,520.00.

Markel Group Price Performance

The firm has a market capitalization of $21.04 billion, a PE ratio of 8.72 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a fifty day moving average price of $1,494.15 and a 200-day moving average price of $1,446.68.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Markel Group by 150.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 12 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Markel Group in the fourth quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 12 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Markel Group in the 4th quarter valued at approximately $57,000. Finally, Headlands Technologies LLC boosted its stake in Markel Group by 3,200.0% in the 3rd quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 64 shares in the last quarter. Institutional investors 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.