Key Points
- Markel CEO Simon Wilson sold 75 shares on Nov. 25 at an average price of $2,072.94 for total proceeds of $155,470.50, reducing his stake by 4.07% to 1,770 shares valued at roughly $3.67 million (SEC filing available).
- Markel reported a strong quarter with EPS of $30.90 vs. a $22.77 consensus and revenue of $3.93 billion; the stock trades around $2,075 with a market cap of about $26.17 billion and a P/E near 12.99.
- Analysts have an average rating of Hold with a $1,930.50 consensus price target, and institutional investors own roughly 77.12% of the company’s shares.
Markel Group Inc. (NYSE:MKL - Get Free Report) CEO Simon Wilson sold 75 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the sale, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Markel Group Price Performance
Shares of MKL stock opened at $2,075.64 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 12-month low of $1,621.89 and a 12-month high of $2,109.91. The firm has a fifty day moving average of $1,957.97 and a 200-day moving average of $1,955.11. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 12.99 and a beta of 0.77.
Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 EPS for the quarter, topping the consensus estimate of $22.77 by $8.13. Markel Group had a return on equity of 7.91% and a net margin of 12.99%.The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. On average, equities research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.
Institutional Investors Weigh In On Markel Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Markel Group during the 4th quarter worth approximately $236,000. Private Advisor Group LLC boosted its holdings in Markel Group by 32.6% during the first quarter. Private Advisor Group LLC now owns 557 shares of the insurance provider's stock worth $1,041,000 after purchasing an additional 137 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Markel Group by 6.0% during the first quarter. Allianz Asset Management GmbH now owns 1,230 shares of the insurance provider's stock worth $2,300,000 after purchasing an additional 70 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Markel Group in the first quarter valued at $537,000. Finally, Cetera Investment Advisers increased its stake in Markel Group by 0.8% in the 1st quarter. Cetera Investment Advisers now owns 1,662 shares of the insurance provider's stock valued at $3,107,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Cowen reiterated a "hold" rating on shares of Markel Group in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Markel Group in a research note on Monday. Two equities research 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 company currently has an average rating of "Hold" and a consensus price target of $1,930.50.
Get Our Latest Stock Analysis on MKL
About Markel Group
(
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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