Insider Selling: Markel Group (NYSE:MKL) Director Sells $140,395.56 in Stock

Markel Group Inc. (NYSE:MKL) Director Greta Harris sold 76 shares of Markel Group stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. The trade was a 10.54% 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 Down 1.4%

MKL stock opened at $1,820.95 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $22.78 billion, a PE ratio of 13.12 and a beta of 0.67. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The stock has a 50-day simple moving average of $1,882.79 and a two-hundred day simple moving average of $2,007.54.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.66 billion. On average, equities analysts predict that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent analyst reports. Truist Financial cut their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Brean Capital initiated coverage on Markel Group in a report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective for the company. Weiss Ratings lowered Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2,025.00.

Institutional Trading of Markel Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new stake in Markel Group in the fourth quarter worth approximately $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Markel Group in the fourth quarter worth approximately $26,000. Reflection Asset Management purchased a new stake in Markel Group in the fourth quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in Markel Group in the fourth quarter worth approximately $32,000. Finally, Basepoint Wealth LLC purchased a new stake in Markel Group in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

About Markel Group

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.