Markel Group (NYSE:MKL) Reaches New 1-Year High – Should You Buy?

Markel Group Inc. (NYSE:MKL)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $1,847.92 and last traded at $1,837.50, with a volume of 6877 shares. The stock had previously closed at $1,820.13.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reduced their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group Stock Performance

The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 8.48 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is $1,751.84 and its 200-day moving average is $1,641.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SpiderRock Advisors LLC increased its position in Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 315 shares during the period. Versor Investments LP grew its stake in shares of Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after purchasing an additional 160 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after purchasing an additional 379 shares during the period. Sanctuary Advisors LLC bought a new position in Markel Group during the 2nd quarter worth $2,803,000. Finally, Franklin Resources Inc. grew its position in shares of Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after buying an additional 527 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Company Profile

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.