Markel Group (NYSE:MKL) Director Greta Harris Sells 76 Shares of Stock

Markel Group Inc. (NYSE:MKL) Director Greta Harris sold 76 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the sale, the director owned 645 shares in the company, valued at $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Markel Group Stock Performance

Shares of MKL stock opened at $1,851.52 on Thursday. The stock has a market capitalization of $23.16 billion, a P/E ratio of 13.34 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $1,887.00 and its 200 day moving average is $2,010.22. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $3.55 billion for 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%. On average, sell-side analysts anticipate that Markel Group Inc. will post 111.93 earnings per share for the current year.

Hedge Funds Weigh In On Markel Group

Institutional investors have recently made changes to their positions in the stock. Valley National Advisers Inc. bought a new position in shares of Markel Group in the 4th quarter worth $25,000. Fideuram Asset Management Ireland dac bought a new position in shares of Markel Group in the 4th quarter worth $26,000. Reflection Asset Management bought a new position in shares of Markel Group during the 4th quarter valued at $26,000. V Square Quantitative Management LLC bought a new position in shares of Markel Group during the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC bought a new position in shares of Markel Group during the 4th quarter valued at $32,000. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MKL shares. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price on the stock. Weiss Ratings lowered shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average price target of $2,025.00.

About Markel Group

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.