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

Markel Group Inc. (NYSE:MKL) Director Greta Harris sold 76 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,843.44 on Friday. The firm has a market capitalization of $23.06 billion, a P/E ratio of 13.28 and a beta of 0.67. 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 stock’s 50-day simple moving average is $1,884.57 and its two-hundred day simple moving average is $2,008.86. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59.

Markel Group (NYSE:MKL) last announced its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a return on equity of 7.90% and a net margin of 10.85%. As a group, equities analysts anticipate that Markel Group Inc. will post 113.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Canerector Inc. grew its holdings in Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Norges Bank purchased a new stake in shares of Markel Group during the fourth quarter worth approximately $317,583,000. Select Equity Group L.P. lifted its position in Markel Group by 75.9% during the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after buying an additional 145,146 shares in the last quarter. Davis Selected Advisers lifted its position in Markel Group by 11.1% during the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after purchasing an additional 24,557 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

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.