Markel Group (NYSE:MKL) Director Steven Markel Sells 70 Shares
Markel Group Director Steven Markel sold 70 shares at $2,100 each, totaling $147,000. Post-sale, he owns 61,798 shares valued at $129,775,800, a 0.11% decrease in his position. The sale was disclosed in an SEC filing. Markel's stock traded at $2,073.74, with a market cap of $26.15 billion. Analysts have mixed ratings, with a consensus "Hold" and target price of $1,930.50. Institutional investors have adjusted their stakes in the company.
Markel Group Inc. (NYSE:MKL - Get Free Report) Director Steven Markel sold 70 shares of the firm's stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $2,100.00, for a total value of $147,000.00. Following the transaction, the director directly owned 61,798 shares in the company, valued at approximately $129,775,800. The trade was a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Markel Group Stock Performance
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Shares of Markel Group stock traded down $6.70 during trading on Monday, reaching $2,073.74. The company's stock had a trading volume of 44,116 shares, compared to its average volume of 52,800. The company has a 50-day moving average price of $1,966.86 and a two-hundred day moving average price of $1,958.99. Markel Group Inc. has a fifty-two week low of $1,621.89 and a fifty-two week high of $2,109.91. The firm has a market cap of $26.15 billion, a PE ratio of 12.98 and a beta of 0.77. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25.
Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating the consensus estimate of $22.77 by $8.13. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a return on equity of 7.91% and a net margin of 12.99%. On average, analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.
Analyst Ratings Changes
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A number of research firms recently weighed in on MKL. Weiss Ratings reiterated a "buy (b+)" rating on shares of Markel Group in a research report on Monday, November 24th. Cowen reaffirmed a "hold" rating on shares of Markel Group in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1,930.50.
Check Out Our Latest Analysis on MKL
Institutional Trading of Markel Group
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A number of institutional investors have recently added to or reduced their stakes in MKL. Clearstead Trust LLC increased its stake in Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 9 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group in the third quarter valued at $29,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Markel Group during the 1st quarter worth $32,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Markel Group in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 77.12% of the company's stock.
Markel Group Company Profile
(Get Free Report)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.
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