Markel Group (NYSE:MKL) Director Steven Markel Sells 1,330 Shares

Markel Group Inc. (NYSE:MKL) Director Steven Markel sold 1,330 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the transaction, the director directly owned 60,368 shares in the company, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Markel Group Trading Down 0.6%

Shares of NYSE:MKL traded down $13.36 during mid-day trading on Monday, hitting $2,154.77. The company had a trading volume of 46,092 shares, compared to its average volume of 52,565. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,194.31. The firm has a fifty day moving average price of $1,999.24 and a 200 day moving average price of $1,972.40. The company has a market capitalization of $27.17 billion, a PE ratio of 13.49 and a beta of 0.81.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.77 billion. As a group, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Institutional Investors Weigh In On Markel Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Trust LLC increased its stake in shares of Markel Group by 180.0% during the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Markel Group during the third quarter valued at $29,000. Chilton Capital Management LLC purchased a new stake in Markel Group in the second quarter worth $32,000. Ameritas Advisory Services LLC bought a new stake in shares of Markel Group in the second quarter valued at $38,000. Finally, GoalVest Advisory LLC bought a new stake in shares of Markel Group in the third quarter valued at $38,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKL has been the subject of several recent research reports. Cowen restated a “hold” rating on shares of Markel Group in a report on Tuesday, October 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,025.00.

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.