Simon Wilson Sells 75 Shares of Markel Group (NYSE:MKL) Stock

Markel Group Inc. (NYSE:MKL) CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the sale, the chief executive officer owned 1,770 shares of the company’s stock, valued at approximately $3,669,103.80. This represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Markel Group Trading Up 1.4%

MKL stock traded up $29.39 during midday trading on Tuesday, hitting $2,075.64. The stock had a trading volume of 47,279 shares, compared to its average volume of 53,078. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,109.91. The company’s 50-day moving average price is $1,954.82 and its 200 day moving average price is $1,953.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $26.17 billion, a PE ratio of 12.99 and a beta of 0.77.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. On average, equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cowen reiterated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Markel Group in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,930.50.

Institutional Investors Weigh In On Markel Group

A number of large investors have recently bought and sold shares of the business. Clearstead Trust LLC increased its position in Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after buying an additional 9 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Markel Group during the third quarter worth $29,000. Chilton Capital Management LLC acquired a new position in shares of Markel Group during the second quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 11 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in Markel Group in the first quarter valued at approximately $32,000. 77.12% of the stock is currently owned by institutional investors.

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.