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

Markel Group Inc. (NYSE:MKL) CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Markel Group Price Performance

MKL stock opened at $2,027.51 on Friday. The company 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 52-week low of $1,405.11 and a 52-week high of $2,063.68. The business has a 50-day simple moving average of $1,761.26 and a two-hundred day simple moving average of $1,648.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last announced its 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%. Research analysts expect that Markel Group Inc. will post 97.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Markel Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its position in Markel Group by 3.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,617 shares of the insurance provider’s stock worth $2,791,000 after purchasing an additional 50 shares during the last quarter. HighTower Advisors LLC grew its position in Markel Group by 2.3% during the fourth quarter. HighTower Advisors LLC now owns 72,005 shares of the insurance provider’s stock valued at $124,297,000 after buying an additional 1,648 shares during the period. Saybrook Capital NC purchased a new stake in Markel Group during the fourth quarter worth about $345,000. Roberts Glore & Co. Inc. IL bought a new stake in Markel Group in the fourth quarter worth about $204,000. Finally, OFI Invest Asset Management purchased a new position in Markel Group in the fourth quarter valued at about $133,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.