Steven A. Markel Sells 350 Shares of Markel Group Inc. (NYSE:MKL) Stock

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 350 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $1,482.52, for a total transaction of $518,882.00. Following the completion of the transaction, the director now owns 70,366 shares in the company, valued at approximately $104,319,002.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Markel Group Price Performance

NYSE:MKL opened at $1,490.06 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.64 and a quick ratio of 0.64. The company has a 50 day moving average price of $1,435.45 and a 200-day moving average price of $1,360.34. Markel Group Inc. has a 1-year low of $1,064.09 and a 1-year high of $1,519.96. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of 10.65 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $22.43 earnings per share for the quarter, beating analysts’ consensus estimates of $19.17 by $3.26. Markel Group had a net margin of 12.87% and a return on equity of 8.77%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Equities research analysts forecast that Markel Group Inc. will post 82.32 EPS for the current year.

Hedge Funds Weigh In On Markel Group

Hedge funds have recently bought and sold shares of the business. Asset Dedication LLC raised its stake in shares of Markel Group by 72.7% during the 2nd quarter. Asset Dedication LLC now owns 19 shares of the insurance provider’s stock worth $26,000 after buying an additional 8 shares during the period. Delta Asset Management LLC TN acquired a new position in Markel Group during the fourth quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Markel Group by 50.0% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 7 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at about $30,000. Finally, Lee Financial Co purchased a new stake in shares of Markel Group during the second quarter worth about $30,000. Hedge funds and other institutional investors own 76.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MKL. StockNews.com started coverage on shares of Markel Group in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Truist Financial lifted their price objective on Markel Group from $1,400.00 to $1,550.00 and gave the company a “hold” rating in a research note on Friday, August 4th.

Markel Group Company Profile

Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. 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.