Insider Selling: Markel Group Inc. (NYSE:MKL) Director Sells $163,682.64 in Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction that occurred 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 transaction, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Markel Group Stock Up 1.9 %

MKL opened at $1,934.54 on Friday. The company has a fifty day moving average price of $1,811.85 and a 200-day moving average price of $1,686.50. The firm has a market capitalization of $24.88 billion, a P/E ratio of 9.72 and a beta of 0.78. 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.

Markel Group (NYSE:MKL) last released its quarterly 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%. Equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Markel Group by 136.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock worth $3,324,000 after acquiring an additional 1,223 shares in the last quarter. Private Advisor Group LLC grew its position in Markel Group by 39.2% in the third quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider’s stock worth $936,000 after acquiring an additional 168 shares in the last quarter. International Assets Investment Management LLC grew its position in Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares in the last quarter. Dakota Wealth Management grew its position in Markel Group by 6.8% in the third quarter. Dakota Wealth Management now owns 252 shares of the insurance provider’s stock worth $395,000 after acquiring an additional 16 shares in the last quarter. Finally, Forsta AP Fonden grew its position in Markel Group by 15.0% in the third quarter. Forsta AP Fonden now owns 1,840 shares of the insurance provider’s stock worth $2,886,000 after acquiring an additional 240 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. 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, February 7th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Markel Group currently 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.