Insider Selling: Markel Group Inc. (NYSE:MKL) Director Sells 88 Shares of Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the transaction, the director now directly owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,887.51 on Thursday. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The firm’s 50-day simple moving average is $1,799.50 and its 200 day simple moving average is $1,680.58. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $24.28 billion, a P/E ratio of 9.48 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 for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Equities analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Hedge Funds Weigh In On Markel Group

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in Markel Group during the 3rd quarter valued at about $31,000. FPC Investment Advisory Inc. purchased a new position in Markel Group during the 4th quarter valued at about $37,000. SBI Securities Co. Ltd. purchased a new position in Markel Group during the 4th quarter valued at about $36,000. Larson Financial Group LLC purchased a new position in Markel Group during the 3rd quarter valued at about $36,000. Finally, Global Trust Asset Management LLC purchased a new position in Markel Group during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MKL. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,685.17.

Markel Group Company Profile

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.