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

Markel Group Inc. (NYSE:MKL) Director Steven A. Markel sold 350 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $1,471.12, for a total value of $514,892.00. Following the completion of the transaction, the director now owns 70,016 shares in the company, valued at approximately $103,001,937.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Markel Group Stock Performance

NYSE MKL opened at $1,480.24 on Friday. The business’s 50 day moving average is $1,445.58 and its two-hundred day moving average is $1,364.03. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 10.58 and a beta of 0.78. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. Markel Group Inc. has a 12-month low of $1,064.09 and a 12-month high of $1,519.96.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $22.43 EPS for the quarter, topping the consensus estimate of $19.17 by $3.26. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 8.77% and a net margin of 12.87%. Research analysts expect that Markel Group Inc. will post 84.42 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com started coverage on Markel Group in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Jefferies Financial Group started coverage on Markel Group in a research report on Thursday. They set a “buy” rating and a $1,750.00 target price on the stock. Finally, Truist Financial boosted their target price on Markel Group from $1,400.00 to $1,550.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,616.67.

Institutional Investors Weigh In On Markel Group

Several institutional investors have recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Markel Group by 99,720.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 45,671,655 shares of the insurance provider’s stock worth $63,172,119,000 after acquiring an additional 45,625,901 shares in the last quarter. BlackRock Inc. grew its holdings in Markel Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 662,183 shares of the insurance provider’s stock valued at $845,879,000 after buying an additional 5,003 shares during the last quarter. Morgan Stanley grew its holdings in Markel Group by 521.2% during the 4th quarter. Morgan Stanley now owns 530,597 shares of the insurance provider’s stock valued at $699,057,000 after buying an additional 445,182 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in Markel Group by 0.9% during the 1st quarter. Berkshire Hathaway Inc now owns 471,661 shares of the insurance provider’s stock valued at $602,504,000 after buying an additional 4,050 shares during the last quarter. Finally, State Street Corp grew its holdings in Markel Group by 1.7% during the 3rd quarter. State Street Corp now owns 303,717 shares of the insurance provider’s stock valued at $329,296,000 after buying an additional 5,183 shares during the last quarter. Hedge funds and other institutional investors own 76.96% of the company’s stock.

About Markel Group

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.