Key Points
- Director Steven Markel sold 70 shares on November 26 at an average price of $2,100 for a total of $147,000, trimming his stake by 0.11% to 61,798 shares valued at about $129.8 million.
- Markel Group posted a strong quarterly beat, reporting EPS of $30.90 versus a $22.77 estimate and revenue of $3.93 billion versus $3.77 billion, while the stock trades near $2,074 with a consensus "Moderate Buy" and an average price target of $2,025.
Markel Group Inc. (NYSE:MKL - Get Free Report) Director Steven Markel sold 70 shares of the business's stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $2,100.00, for a total transaction of $147,000.00. Following the sale, the director directly owned 61,798 shares in the company, valued at $129,775,800. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Markel Group Price Performance
Markel Group stock opened at $2,073.74 on Tuesday. The firm has a market capitalization of $26.15 billion, a P/E ratio of 12.98 and a beta of 0.77. Markel Group Inc. has a one year low of $1,621.89 and a one year high of $2,109.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.59. The business has a fifty day moving average price of $1,970.04 and a 200-day moving average price of $1,960.20.
Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $22.77 by $8.13. Markel Group had a return on equity of 7.91% and a net margin of 12.99%.The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.77 billion. As a group, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.
Institutional Investors Weigh In On Markel Group
A number of institutional investors and hedge funds have recently bought and sold shares of MKL. CIBC Private Wealth Group LLC lifted its position in Markel Group by 10.8% during the third quarter. CIBC Private Wealth Group LLC now owns 277 shares of the insurance provider's stock valued at $529,000 after purchasing an additional 27 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Markel Group during the 3rd quarter worth $870,000. WBI Investments LLC purchased a new position in Markel Group in the third quarter worth $291,000. Sunbelt Securities Inc. increased its stake in Markel Group by 672.6% in the third quarter. Sunbelt Securities Inc. now owns 1,298 shares of the insurance provider's stock valued at $2,481,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in Markel Group during the third quarter valued at about $25,412,000. 77.12% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Weiss Ratings restated a "buy (b+)" rating on shares of Markel Group in a research report on Monday, November 24th. Cowen reissued 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 two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2,025.00.
Get Our Latest Stock Report on MKL
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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