Markel Group Inc. (NYSE:MKL) Director Sells $1,485,440.00 in Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 800 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares of the company’s stock, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,888.12 on Wednesday. The stock has a 50 day moving average of $1,795.94 and a 200 day moving average of $1,678.01. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The firm has a market cap of $24.28 billion, a PE ratio of 9.49 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS 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%. On average, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SpiderRock Advisors LLC raised its position in Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares during the period. Quilter Plc raised its position in Markel Group by 7.2% during the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after purchasing an additional 2,234 shares during the period. Versor Investments LP raised its position in Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 160 shares during the period. Fiduciary Alliance LLC raised its holdings in shares of Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Markel Group by 10.4% in the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after buying an additional 527 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,685.17.

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.