Markel Group Inc. (NYSE:MKL) CEO Purchases $200,801.00 in Stock

Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Markel Group Stock Performance

Shares of MKL traded down $32.32 during midday trading on Friday, reaching $2,027.51. 101,636 shares of the stock were exchanged, compared to its average volume of 73,625. The business’s 50-day moving average price is $1,761.26 and its 200 day moving average price is $1,648.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a twelve month low of $1,405.11 and a twelve month high of $2,063.68. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 9.35 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, sell-side analysts expect that Markel Group Inc. will post 86.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Markel Group

Several institutional investors have recently added to or reduced their stakes in MKL. Proficio Capital Partners LLC purchased a new stake in shares of Markel Group during the 4th quarter worth approximately $169,852,000. Davis Selected Advisers lifted its stake in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Markel Group during the 4th quarter worth $98,743,000. Empirical Asset Management LLC purchased a new position in shares of Markel Group during the 4th quarter worth $54,173,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised 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. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Markel Group has an average rating of “Hold” and an average price target of $1,685.17.

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.