Markel Group Inc. (NYSE:MKL – Get Free Report) 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 – Get Free Report) 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
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.
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