Key Points
- Markel Group director Diane Leopold bought more shares, acquiring 50 shares for about $89,459.50 at an average price of $1,789.19. After the purchase, she owned 550 shares, a 10% increase in her position.
- The company recently reported weaker-than-expected quarterly results, posting an EPS loss of $18.90 versus analyst expectations of $26.38 in profit and revenue of $2.82 billion versus estimates of $3.66 billion.
- Analyst sentiment has turned cautious, with several firms cutting ratings or targets; MarketBeat reports an overall average rating of “Hold” and an average price target of $2,025.
Markel Group Inc. (NYSE:MKL - Get Free Report) Director Diane Leopold acquired 50 shares of the business's stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $1,789.19 per share, for a total transaction of $89,459.50. Following the transaction, the director directly owned 550 shares of the company's stock, valued at approximately $984,054.50. This trade represents a 10.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Diane Leopold also recently made the following trade(s):
- On Wednesday, May 6th, Diane Leopold bought 100 shares of Markel Group stock. The stock was bought at an average price of $1,792.61 per share, with a total value of $179,261.00.
Markel Group Trading Up 0.6%
MKL opened at $1,810.91 on Friday. The business has a fifty day moving average price of $1,931.50 and a 200 day moving average price of $2,017.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 13.05 and a beta of 0.67.
Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $26.38 by ($45.28). The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. Sell-side analysts expect that Markel Group Inc. will post 113.77 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MKL shares. Weiss Ratings cut Markel Group from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "sell" rating in a report on Saturday, May 2nd. Truist Financial decreased their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a research note on Thursday, April 30th. Brean Capital started coverage on Markel Group in a report on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 price target on the stock. Finally, Zacks Research cut Markel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $2,025.00.
Check Out Our Latest Research Report on Markel Group
Hedge Funds Weigh In On Markel Group
Several institutional investors have recently bought and sold shares of MKL. Valley National Advisers Inc. purchased a new position in Markel Group during the 4th quarter worth $25,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Markel Group in the fourth quarter valued at about $26,000. Reflection Asset Management acquired a new position in shares of Markel Group during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new position in Markel Group during the third quarter worth about $29,000. Finally, V Square Quantitative Management LLC purchased a new position in Markel Group during the fourth quarter worth about $32,000. 77.12% of the stock is owned by institutional investors and hedge funds.
About Markel Group
(
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.
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