Markel Group Inc. (NYSE:MKL) Director Purchases $15,500.00 in Stock

Markel Group Inc. (NYSE:MKL) Director Lawrence A. Cunningham purchased 10 shares of Markel Group stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $1,550.00 per share, with a total value of $15,500.00. Following the completion of the purchase, the director now directly owns 723 shares of the company’s stock, valued at $1,120,650. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Markel Group Stock Down 3.1 %

Markel Group stock traded down $48.66 during midday trading on Monday, hitting $1,511.76. 48,905 shares of the company’s stock were exchanged, compared to its average volume of 45,382. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.61 and a current ratio of 0.60. The company has a market cap of $19.56 billion, a PE ratio of 8.43 and a beta of 0.73. The firm has a 50-day moving average of $1,583.65 and a two-hundred day moving average of $1,530.47. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Truist Financial lifted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Citigroup upped their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Finally, TD Cowen began coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,626.83.

Hedge Funds Weigh In On Markel Group

Large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after buying an additional 12 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Markel Group by 5.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 5,151 shares of the insurance provider’s stock valued at $7,273,000 after purchasing an additional 280 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Markel Group in the 4th quarter worth approximately $18,145,000. Tritonpoint Wealth LLC purchased a new position in shares of Markel Group in the fourth quarter worth $371,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Markel Group by 5.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,669 shares of the insurance provider’s stock worth $2,349,000 after buying an additional 84 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

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.