Markel Group Inc. (NYSE:MKL) Director Sells $167,529.60 in Stock

Markel Group Inc. (NYSE:MKL) Director Greta J. Harris sold 90 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the transaction, the director now directly owns 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Markel Group Price Performance

Shares of MKL stock traded up $46.90 during trading on Tuesday, hitting $1,907.35. The company had a trading volume of 45,422 shares, compared to its average volume of 50,121. 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 firm has a market capitalization of $24.19 billion, a P/E ratio of 9.58 and a beta of 0.84. The stock’s 50-day moving average price is $1,828.61 and its 200 day moving average price is $1,804.94. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68.

Institutional Investors Weigh In On Markel Group

Several institutional investors have recently made changes to their positions in the stock. Quilter Plc lifted its stake in Markel Group by 7.2% during the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock worth $57,206,000 after purchasing an additional 2,234 shares during the last quarter. WCM Investment Management LLC bought a new stake in Markel Group during the fourth quarter worth $252,000. Korea Investment CORP lifted its stake in Markel Group by 1.9% during the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock worth $14,236,000 after purchasing an additional 155 shares during the last quarter. Royal Bank of Canada lifted its stake in Markel Group by 14.5% during the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider’s stock worth $84,833,000 after purchasing an additional 6,241 shares during the last quarter. Finally, Hudson Value Partners LLC lifted its stake in Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock worth $5,764,000 after purchasing an additional 153 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on MKL. Royal Bank of Canada upped their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Wall Street Zen cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1,727.75.

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.