Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner Buys 100 Shares

Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Markel Group Stock Down 1.6 %

NYSE:MKL traded down $32.32 on Friday, reaching $2,027.51. The stock had a trading volume of 101,636 shares, compared to its average volume of 73,625. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12-month low of $1,405.11 and a 12-month high of $2,063.68. The company has a 50-day moving average of $1,761.26 and a 200 day moving average of $1,648.97. The stock has a market cap of $26.07 billion, a P/E 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 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, research analysts predict that Markel Group Inc. will post 86.92 earnings per share for the current year.

Hedge Funds Weigh In On Markel Group

Several large investors have recently modified their holdings of the stock. Davis Selected Advisers raised its holdings in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after buying an additional 80,922 shares during the last quarter. State Street Corp increased its holdings in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after buying an additional 10,254 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Markel Group during the 4th quarter worth approximately $169,852,000. Finally, Jennison Associates LLC grew its position in Markel Group by 9.9% during the 4th quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock worth $135,915,000 after purchasing an additional 7,102 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

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