Markel Group Inc. (NYSE:MKL) Director Steven A. Markel Sells 88 Shares of Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 88 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Markel Group Trading Down 0.0 %

MKL opened at $1,887.51 on Thursday. The firm has a market capitalization of $24.28 billion, a P/E ratio of 9.48 and a beta of 0.78. The firm’s 50 day moving average is $1,799.50 and its 200-day moving average is $1,680.58. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MKL. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and an average target price of $1,685.17.

Institutional Trading of Markel Group

A number of hedge funds have recently made changes to their positions in the stock. Davis Selected Advisers grew its position in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after buying an additional 80,922 shares in the last quarter. State Street Corp grew its position in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares in the last quarter. Boston Partners grew its position in shares of Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after buying an additional 42,178 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after buying an additional 10,254 shares in the last quarter. Finally, Norges Bank acquired a new position in Markel Group in the fourth quarter worth $254,795,000. Institutional investors and hedge funds 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.