Markel Group (NYSE:MKL) CEO Simon Wilson Sells 100 Shares

Markel Group Inc. (NYSE:MKL) CEO Simon Wilson sold 100 shares of Markel Group stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $2,079.48, for a total value of $207,948.00. Following the sale, the chief executive officer directly owned 2,397 shares of the company’s stock, valued at approximately $4,984,513.56. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Markel Group Price Performance

Shares of MKL stock opened at $2,059.90 on Friday. The stock has a fifty day simple moving average of $2,095.33 and a two-hundred day simple moving average of $2,019.95. Markel Group Inc. has a twelve month low of $1,621.89 and a twelve month high of $2,207.59. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 12.13 and a beta of 0.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.24.

Institutional Trading of Markel Group

A number of hedge funds have recently bought and sold shares of MKL. Valley National Advisers Inc. acquired a new position in shares of Markel Group during the 4th quarter worth approximately $25,000. Fideuram Asset Management Ireland dac purchased a new position in Markel Group during the fourth quarter worth approximately $26,000. Clearstead Trust LLC boosted its stake in Markel Group by 180.0% during the second quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after buying an additional 9 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Markel Group during the third quarter worth $29,000. Finally, V Square Quantitative Management LLC purchased a new stake in Markel Group in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 29th. Truist Financial lifted their price objective on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Zacks Research cut Markel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2,100.00.

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.