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 company’s stock in a transaction 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 transaction, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Markel Group Stock Down 0.0 %

NYSE MKL traded down $0.25 during trading hours on Wednesday, hitting $1,887.51. 44,040 shares of the company were exchanged, compared to its average volume of 72,996. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 9.48 and a beta of 0.78. The company has a 50 day moving average of $1,799.50 and a two-hundred day moving average of $1,680.58. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Equities research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Institutional Investors Weigh In On Markel Group

Large investors have recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 6 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock worth $250,000 after buying an additional 6 shares during the last quarter. Gold Investment Management Ltd. boosted its position in shares of Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after acquiring an additional 7 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after acquiring an additional 7 shares during the last quarter. Finally, Greenleaf Trust raised its position in shares of Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock worth $368,000 after acquiring an additional 7 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MKL shares. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. TD Cowen lowered 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. Finally, Royal Bank of Canada raised their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.