Key Points
- Markel CEO Simon Wilson sold 100 shares on Feb. 26 at an average price of $2,079.48 for proceeds of $207,948, leaving him with 2,397 shares (a 4.0% reduction in his stake).
- MKL shares opened at $2,059.90; the company has a market cap of $25.98 billion and a P/E of 12.13, with 50‑day/200‑day moving averages of $2,095.33/$2,019.95 and a 12‑month range of $1,621.89–$2,207.59.
- Analysts' consensus is a "Hold" (2 Buys, 3 Holds) with an average price target of $2,100, and institutional investors own about 77.12% of the stock.
Markel Group Inc. (NYSE:MKL - Get Free Report) CEO Simon Wilson sold 100 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares of the company's stock, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Markel Group Price Performance
Shares of MKL stock opened at $2,059.90 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $25.98 billion, a PE ratio of 12.13 and a beta of 0.79. The firm's 50-day moving average is $2,095.33 and its two-hundred day moving average is $2,019.95. Markel Group Inc. has a 12 month low of $1,621.89 and a 12 month high of $2,207.59.
Analyst Upgrades and Downgrades
MKL has been the subject of several analyst reports. Zacks Research lowered Markel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Truist Financial upped their price target on Markel Group from $2,000.00 to $2,100.00 and gave the company a "hold" rating in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Markel Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $2,100.00.
Read Our Latest Stock Report on Markel Group
Institutional Trading of Markel Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversify Advisory Services LLC boosted its position in shares of Markel Group by 4.5% during the fourth quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider's stock worth $239,000 after buying an additional 5 shares during the period. Keybank National Association OH lifted its stake in Markel Group by 0.7% during the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider's stock worth $1,644,000 after acquiring an additional 5 shares in the last quarter. Wellington Shields & Co. LLC boosted its holdings in Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock valued at $344,000 after acquiring an additional 5 shares during the period. Root Financial Partners LLC grew its position in Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider's stock valued at $88,000 after acquiring an additional 5 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock valued at $254,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.
Markel Group Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
