- Markel Group (MKL, Financial) recently restructured its US and Bermuda insurance operations, leading to a 3% premarket share increase.
- Analysts forecast a 9.05% upside with an average target price of $1,904.00.
- GuruFocus' GF Value estimate suggests a 5.62% downside, indicating potential overvaluation.
Markel Group (MKL) has introduced a fresh organizational framework for its US and Bermuda insurance sectors, formerly recognized as Markel Specialty. This strategic realignment, which includes significant leadership changes, contributed to a 3% increase in the company's shares during premarket trading.
Wall Street Analysts' Forecast
According to price targets set by four analysts, Markel Group Inc (MKL, Financial) is expected to reach an average target price of $1,904.00 over the next year. This includes a high estimate of $2,000.00 and a low estimate of $1,836.00, suggesting a potential upside of 9.05% from the current price of $1,746.01. For further details, investors can visit the Markel Group Inc (MKL) Forecast page.
When it comes to brokerage opinions, the current consensus from seven brokerage firms sets Markel Group Inc's (MKL, Financial) average recommendation at 3.0, which translates to a "Hold" status. This scale ranges from 1, indicating a Strong Buy, to 5, signifying a Sell.
GuruFocus Valuation Insights
Based on GuruFocus' calculations, the estimated GF Value for Markel Group Inc (MKL, Financial) in a year is $1,647.85. This presents a potential downside of 5.62% from the current price of $1,746.01. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance projections. More comprehensive data is accessible on the Markel Group Inc (MKL) Summary page.
