Key Points
- Director Steven Markel sold 1,330 shares on Dec. 11 at an average price of $2,119.12 for about $2.82M, leaving him with 60,368 shares (a 2.16% reduction, valued at ~$127.9M).
- Strong quarterly results: Markel reported EPS of $30.90 (vs. $22.77 expected) and revenue of $3.93B (vs. $3.77B), while the stock trades around $2,154 with a $27.17B market cap and a P/E of 13.49.
- Market sentiment and ownership: Analysts rate MKL a "Moderate Buy" (average target $2,025) with two Buy and two Hold ratings, and institutions own about 77.12% of the stock amid recent modest position changes by several funds.
Markel Group Inc. (NYSE:MKL - Get Free Report) Director Steven Markel sold 1,330 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the completion of the sale, the director directly owned 60,368 shares in the company, valued at $127,927,036.16. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Markel Group Stock Performance
Shares of MKL opened at $2,154.77 on Tuesday. The firm has a fifty day moving average of $2,003.14 and a 200-day moving average of $1,974.12. The company has a market cap of $27.17 billion, a price-to-earnings ratio of 13.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 1 year low of $1,621.89 and a 1 year high of $2,194.31.
Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data 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. Markel Group had a net margin of 12.99% and a return on equity of 7.76%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on MKL shares. Cowen reaffirmed a "hold" rating on shares of Markel Group in a research note on Tuesday, October 7th. Weiss Ratings restated a "buy (b+)" rating on shares of Markel Group in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $2,025.00.
Check Out Our Latest Stock Analysis on Markel Group
Institutional Investors Weigh In On Markel Group
Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Markel Group in the fourth quarter valued at about $236,000. Invesco Ltd. lifted its position in shares of Markel Group by 2.6% in the 1st quarter. Invesco Ltd. now owns 17,338 shares of the insurance provider's stock worth $32,415,000 after purchasing an additional 435 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Markel Group by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider's stock valued at $222,177,000 after purchasing an additional 2,187 shares in the last quarter. Aberdeen Group plc increased its holdings in Markel Group by 167.3% during the first quarter. Aberdeen Group plc now owns 5,809 shares of the insurance provider's stock valued at $10,861,000 after buying an additional 3,636 shares during the period. Finally, Ethic Inc. raised its stake in Markel Group by 15.6% in the first quarter. Ethic Inc. now owns 976 shares of the insurance provider's stock worth $1,815,000 after buying an additional 132 shares in the last quarter. 77.12% of the stock is owned by institutional investors.
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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