Markel Group Inc. (NYSE:MKL) Director Steven A. Markel Sells 800 Shares

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 800 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Markel Group Price Performance

Shares of MKL traded up $38.55 during mid-day trading on Tuesday, reaching $1,888.12. The stock had a trading volume of 67,802 shares, compared to its average volume of 73,800. The business has a fifty day moving average of $1,795.94 and a 200 day moving average of $1,678.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 9.49 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68.

Markel Group (NYSE:MKL) last released its 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 net margin of 16.34% and a return on equity of 7.55%. Equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Hedge Funds Weigh In On Markel Group

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Markel Group during the 4th quarter valued at approximately $254,795,000. Proficio Capital Partners LLC purchased a new stake in Markel Group during the 4th quarter valued at approximately $169,852,000. Davis Selected Advisers raised 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 valued at $639,606,000 after buying an additional 80,922 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Markel Group in the fourth quarter worth $98,743,000. Finally, Boston Partners lifted its holdings in shares of Markel Group by 17.6% in 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. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of a number of research reports. Royal Bank of Canada upped their target price 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. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,685.17.

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.