Diane Leopold Buys 50 Shares of Markel Group (NYSE:MKL) Stock

Markel Group Inc. (NYSE:MKL) Director Diane Leopold bought 50 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares in the company, valued at approximately $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Diane Leopold also recently made the following trade(s):

• On Wednesday, May 6th, Diane Leopold purchased 100 shares of Markel Group stock. The stock was bought at an average cost of $1,792.61 per share, with a total value of $179,261.00.

Markel Group Stock Performance

NYSE MKL traded up $10.94 during trading hours on Friday, hitting $1,810.91. The company had a trading volume of 73,024 shares, compared to its average volume of 56,106. The business has a 50 day moving average of $1,931.50 and a 200-day moving average of $2,017.25. The company has a market cap of $22.65 billion, a PE ratio of 13.05 and a beta of 0.67. Markel Group Inc. has a 1-year low of $1,719.41 and a 1-year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, equities research analysts expect that Markel Group Inc. will post 113.77 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on MKL. Wall Street Zen cut shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Truist Financial lowered their price objective on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Zacks Research downgraded shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price target on the stock. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $2,025.00.

Hedge Funds Weigh In On Markel Group

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Markel Group by 4.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,732 shares of the insurance provider’s stock valued at $10,971,000 after acquiring an additional 256 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in Markel Group in the first quarter valued at about $32,367,000. Andra AP fonden boosted its holdings in Markel Group by 25.8% in the 1st quarter. Andra AP fonden now owns 1,339 shares of the insurance provider’s stock valued at $2,563,000 after purchasing an additional 275 shares in the last quarter. Glenview Trust Co increased its position in Markel Group by 0.9% during the 1st quarter. Glenview Trust Co now owns 1,599 shares of the insurance provider’s stock worth $3,061,000 after purchasing an additional 15 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Markel Group by 22.0% during the 1st quarter. WCM Investment Management LLC now owns 322 shares of the insurance provider’s stock worth $607,000 after buying an additional 58 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Company Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.