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

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Markel Group Trading Up 0.7 %

Shares of NYSE MKL opened at $1,900.29 on Friday. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50 day moving average is $1,807.70 and its two-hundred day moving average is $1,683.54. The stock has a market capitalization of $24.44 billion, a P/E ratio of 9.55 and a beta of 0.78.

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 the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MKL. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada raised 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 research note on Friday, February 7th. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,685.17.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MKL. Brooklyn Investment Group bought a new stake in shares of Markel Group in the 3rd quarter worth about $31,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group in the 4th quarter worth about $37,000. SBI Securities Co. Ltd. bought a new stake in Markel Group in the fourth quarter worth about $36,000. Larson Financial Group LLC purchased a new position in shares of Markel Group during the third quarter valued at approximately $36,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Markel Group during the fourth quarter valued at approximately $41,000. 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.