Markel Group Inc. (NYSE:MKL) Director Steven A. Markel Sells 3,000 Shares

Markel Group Inc. (NYSE:MKLGet Free Report) Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the completion of the transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is available at this link.

Markel Group Trading Down 2.0 %

MKL traded down $32.63 during midday trading on Thursday, reaching $1,615.43. 30,139 shares of the company’s stock traded hands, compared to its average volume of 46,921. The firm has a fifty day moving average of $1,526.73 and a two-hundred day moving average of $1,462.73. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 8.90 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24.

Markel Group (NYSE:MKLGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. On average, equities analysts anticipate that Markel Group Inc. will post 83.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Markel Group in the 4th quarter worth approximately $18,145,000. Pinnacle Associates Ltd. raised its position in shares of Markel Group by 7.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after acquiring an additional 1,167 shares in the last quarter. Chicago Capital LLC bought a new position in shares of Markel Group in the 4th quarter worth approximately $3,313,000. Allspring Global Investments Holdings LLC raised its position in shares of Markel Group by 616.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock worth $5,991,000 after acquiring an additional 3,630 shares in the last quarter. Finally, Lathrop Investment Management Corp raised its position in shares of Markel Group by 11.7% in the 4th quarter. Lathrop Investment Management Corp now owns 7,776 shares of the insurance provider’s stock worth $11,041,000 after acquiring an additional 815 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group cut Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Truist Financial upped their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. Finally, Royal Bank of Canada increased their target price on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,520.00.

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Markel Group Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Markel Group (NYSE:MKL)

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