Markel Group (NYSE:MKL) CEO Simon Wilson Sells 75 Shares

Markel Group Inc. (NYSE:MKL) CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer owned 1,770 shares of the company’s stock, valued at $3,669,103.80. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Markel Group Stock Up 1.4%

NYSE MKL opened at $2,075.64 on Wednesday. The stock’s 50 day simple moving average is $1,957.97 and its 200 day simple moving average is $1,955.11. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,109.91. The firm has a market cap of $26.17 billion, a PE ratio of 12.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. As a group, sell-side 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

Several institutional investors have recently modified their holdings of MKL. Clearstead Trust LLC lifted its holdings in Markel Group by 180.0% in the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock valued at $28,000 after buying an additional 9 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group in the 3rd quarter valued at $29,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Markel Group during the first quarter worth $32,000. Finally, Chilton Capital Management LLC bought a new stake in Markel Group in the second quarter valued at about $32,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a report on Monday. Cowen reissued a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,930.50.

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.