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

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

Markel Group Price Performance

Shares of NYSE MKL opened at $1,900.29 on Friday. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week 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 company has a market cap of $24.44 billion, a PE ratio of 9.55 and a beta of 0.78. The business has a 50-day simple moving average of $1,807.70 and a two-hundred day simple moving average of $1,683.54.

Markel Group (NYSE:MKL) last released 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 expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Markel Group

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada boosted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.