Markel Group (NYSE:MKL) Director Greta Harris Sells 76 Shares

Markel Group Inc. (NYSE:MKL) Director Greta Harris sold 76 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Markel Group Price Performance

Shares of Markel Group stock traded down $6.92 on Wednesday, hitting $1,851.52. The company’s stock had a trading volume of 67,158 shares, compared to its average volume of 57,682. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $1,889.09 and a 200-day moving average price of $2,011.33. The company has a market capitalization of $23.16 billion, a P/E ratio of 13.34 and a beta of 0.67.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.66 billion. On average, equities research analysts expect that Markel Group Inc. will post 111.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

MKL has been the topic of several recent research reports. Brean Capital initiated coverage on shares of Markel Group in a research report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 price objective on the stock. Weiss Ratings lowered shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Truist Financial reduced their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2,025.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new position in shares of Markel Group during the 4th quarter worth about $25,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Markel Group during the 4th quarter worth about $26,000. Reflection Asset Management purchased a new position in shares of Markel Group during the 4th quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in shares of Markel Group during the 4th quarter worth about $32,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Markel Group during the 4th quarter worth about $32,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

About Markel Group

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.