Markel Group Inc. (NYSE:MKL) Director Steven A. Markel Sells 800 Shares

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 800 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the sale, the director now directly owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Markel Group Stock Up 0.7 %

Shares of NYSE:MKL opened at $1,900.29 on Friday. The business has a 50-day moving average price of $1,807.70 and a 200 day moving average price of $1,683.54. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 9.55 and a beta of 0.78.

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

Institutional Investors Weigh In On Markel Group

Several institutional investors and hedge funds have recently modified their holdings of the company. SpiderRock Advisors LLC grew its position in Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 315 shares in the last quarter. Quilter Plc boosted its stake in shares of Markel Group by 7.2% in the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after purchasing an additional 2,234 shares during the period. Versor Investments LP grew its holdings in shares of Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 160 shares in the last quarter. Fiduciary Alliance LLC increased its stake in Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

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