Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner Purchases 100 Shares

Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Markel Group Price Performance

Shares of MKL stock opened at $2,027.51 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12-month low of $1,405.11 and a 12-month high of $2,063.68. The firm has a fifty day moving average of $1,766.15 and a 200-day moving average of $1,652.84. The firm has a market capitalization of $26.08 billion, a price-to-earnings ratio of 10.19 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 research analysts forecast that Markel Group Inc. will post 97.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MKL. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada raised their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,685.17.

Institutional Trading of Markel Group

A number of large investors have recently bought and sold shares of MKL. Davis Selected Advisers lifted its stake in Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after buying an additional 80,922 shares in the last quarter. State Street Corp lifted its position in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after acquiring an additional 13,372 shares in the last quarter. Geode Capital Management LLC boosted its stake in Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares during the period. Proficio Capital Partners LLC bought a new position in Markel Group during the 4th quarter worth about $169,852,000. Finally, Jennison Associates LLC raised its stake in shares of Markel Group by 9.9% in the 4th quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock valued at $135,915,000 after purchasing an additional 7,102 shares during the period. 77.12% of the stock is 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.