Markel Group Inc. (NYSE:MKL) Director Sells $2,129,829.54 in Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the transaction, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Markel Group Stock Up 1.9 %

MKL opened at $1,934.54 on Friday. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. 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 stock’s fifty day moving average is $1,811.85 and its 200-day moving average is $1,686.50. The company has a market capitalization of $24.88 billion, a PE ratio of 9.72 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings data 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 return on equity of 7.55% and a net margin of 16.34%. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MKL shares. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,685.17.

Institutional Trading of Markel Group

A number of hedge funds and other institutional investors have recently modified their holdings of MKL. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Markel Group during the fourth quarter worth $9,893,000. Jefferies Financial Group Inc. acquired a new stake in shares of Markel Group during the fourth quarter worth $6,142,000. Canerector Inc. acquired a new stake in shares of Markel Group during the fourth quarter worth $9,667,000. Toronto Dominion Bank raised its position in shares of Markel Group by 4.5% during the fourth quarter. Toronto Dominion Bank now owns 1,732 shares of the insurance provider’s stock worth $2,990,000 after purchasing an additional 75 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of Markel Group during the fourth quarter worth $205,000. Institutional investors own 77.12% of the company’s stock.

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.