Greta Harris Sells 76 Shares of Markel Group (NYSE:MKL) Stock

Markel Group Inc. (NYSE:MKL) Director Greta Harris sold 76 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Markel Group Trading Down 0.4%

Shares of MKL stock traded down $6.92 during trading hours on Wednesday, hitting $1,851.52. 67,158 shares of the company were exchanged, compared to its average volume of 57,682. The firm has a market cap of $23.16 billion, a PE ratio of 13.34 and a beta of 0.67. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. 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 fifty day moving average of $1,889.09 and a 200 day moving average of $2,011.33.

Markel Group (NYSE:MKL) last posted its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. Analysts expect that Markel Group Inc. will post 111.93 earnings per share for the current year.

Hedge Funds Weigh In On Markel Group

A number of institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in shares of Markel Group during the fourth quarter valued at about $25,000. Fideuram Asset Management Ireland dac purchased a new position in Markel Group in the fourth quarter valued at about $26,000. Reflection Asset Management purchased a new position in Markel Group in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Markel Group during the 3rd quarter valued at approximately $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in Markel Group during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MKL shares. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research report on Saturday, May 2nd. Truist Financial dropped their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Brean Capital started coverage on shares of Markel Group in a research report on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 target price for the company. Finally, Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2,025.00.

Markel Group Company Profile

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.