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 stock in a transaction that occurred on 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 sale, the director now directly owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Markel Group Stock Up 0.7 %

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 market capitalization of $24.44 billion, a PE ratio of 9.55 and a beta of 0.78. The firm’s 50-day moving average price is $1,807.70 and its 200-day moving average price is $1,683.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last issued its quarterly 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%. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Markel Group

Several institutional investors have recently modified their holdings of MKL. Brooklyn Investment Group purchased a new position in shares of Markel Group during the third quarter valued at approximately $31,000. Larson Financial Group LLC bought a new stake in Markel Group in the 3rd quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the 4th quarter valued at $36,000. FPC Investment Advisory Inc. bought a new position in shares of Markel Group during the 4th quarter valued at $37,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Markel Group in the 4th quarter worth $41,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada upped their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target 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 stock presently has a consensus rating of “Hold” and an average price target of $1,685.17.

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.