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

Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Markel Group Price Performance

MKL stock opened at $2,027.51 on Friday. The firm has a 50 day moving average of $1,761.26 and a 200-day moving average of $1,648.97. 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 firm has a market capitalization of $26.07 billion, a P/E ratio of 10.19 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,405.11 and a 12 month high of $2,063.68.

Markel Group (NYSE:MKL) last announced 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 net margin of 16.34% and a return on equity of 7.55%. As a group, sell-side analysts predict that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Institutional Trading of Markel Group

Several institutional investors and hedge funds have recently modified their holdings of MKL. Brooklyn Investment Group purchased a new position in shares of Markel Group during the third quarter worth about $31,000. Toth Financial Advisory Corp grew its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Markel Group in the 3rd quarter worth $36,000. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group during the 4th quarter valued at $36,000. Finally, FPC Investment Advisory Inc. bought a new stake in shares of Markel Group during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MKL shares. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus 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.