Markel Group Inc. (NYSE:MKL) Director Sells $2,129,829.54 in Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the transaction, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,934.54 on Friday. The business’s 50-day moving average price is $1,811.85 and its two-hundred day moving average price is $1,686.50. 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 one year low of $1,417.65 and a one year high of $2,063.68. The company has a market capitalization of $24.88 billion, a P/E ratio of 9.72 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MKL. Royal Bank of Canada upped their price target 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, February 7th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,685.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Markel Group during the 4th quarter worth about $9,893,000. Jefferies Financial Group Inc. bought a new stake in shares of Markel Group during the 4th quarter worth about $6,142,000. Canerector Inc. bought a new stake in shares of Markel Group during the 4th quarter worth about $9,667,000. Toronto Dominion Bank boosted its stake in shares of Markel Group by 4.5% during the 4th quarter. Toronto Dominion Bank now owns 1,732 shares of the insurance provider’s stock worth $2,990,000 after acquiring an additional 75 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Markel Group during the 4th quarter worth about $205,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

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.