Steven A. Markel Sells 1,146 Shares of Markel Group Inc. (NYSE:MKL) Stock

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

Markel Group Stock Down 0.0 %

Shares of MKL traded down $0.25 during trading hours on Wednesday, hitting $1,887.51. The company had a trading volume of 44,040 shares, compared to its average volume of 72,996. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company’s fifty day moving average price is $1,799.50 and its two-hundred day moving average price is $1,680.58. The company has a market capitalization of $24.28 billion, a PE ratio of 9.48 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its earnings results 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%. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Markel Group in the third quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the 3rd quarter worth $36,000. SBI Securities Co. Ltd. purchased a new position in Markel Group during the 4th quarter worth $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group during the 4th quarter worth $37,000. Finally, Global Trust Asset Management LLC purchased a new stake in Markel Group in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

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

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.