Markel Group Inc. (NYSE:MKL) Director Steven A. Markel Sells 1,146 Shares

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the transaction, the director now directly owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Markel Group Stock Performance

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

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

Analyst Ratings Changes

MKL has been the topic of a number of research analyst reports. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada increased their price objective on 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 given a hold rating to the stock. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,685.17.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new position in Markel Group during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC bought a new position in shares of Markel Group in the third quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new position in shares of Markel Group in the fourth quarter worth $36,000. FPC Investment Advisory Inc. bought a new stake in Markel Group during the 4th quarter valued at $37,000. Finally, Global Trust Asset Management LLC bought a new stake in Markel Group during the 4th quarter valued at $41,000. Hedge funds and other institutional investors 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.