Key Points
- Markel Group director Greta Harris sold 76 shares on May 22 at an average price of $1,847.31, for proceeds of about $140,396. After the sale, she still owned 645 shares worth roughly $1.19 million.
- The company recently reported weaker-than-expected quarterly results, posting EPS of -$18.90 versus the $26.38 consensus estimate, while revenue of $3.55 billion also came in below expectations.
- Wall Street sentiment is cautious: the stock has a consensus rating of “Hold” with an average price target of $2,025, and analysts have recently issued mixed rating cuts and target reductions.
Markel Group Inc. (NYSE:MKL - Get Free Report) Director Greta Harris sold 76 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Markel Group Price Performance
MKL stock opened at $1,851.52 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The firm's fifty day moving average is $1,887.00 and its 200 day moving average is $2,010.22. The firm has a market cap of $23.16 billion, a P/E ratio of 13.34 and a beta of 0.67.
Markel Group (NYSE:MKL - Get Free Report) last released its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Research analysts predict that Markel Group Inc. will post 111.93 earnings per share for the current year.
Institutional Investors Weigh In On Markel Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Diversify Advisory Services LLC lifted its position in shares of Markel Group by 4.5% in the 4th quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider's stock worth $239,000 after purchasing an additional 5 shares during the period. Keybank National Association OH lifted its position in shares of Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider's stock worth $1,644,000 after purchasing an additional 5 shares during the period. Wellington Shields & Co. LLC lifted its position in shares of Markel Group by 3.2% in the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider's stock worth $344,000 after purchasing an additional 5 shares during the period. Root Financial Partners LLC lifted its position in shares of Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider's stock worth $88,000 after purchasing an additional 5 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of Markel Group by 4.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider's stock worth $254,000 after purchasing an additional 5 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MKL has been the topic of several recent research reports. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 target price on the stock. Weiss Ratings lowered shares of Markel Group from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "sell" rating in a report on Saturday, May 2nd. Finally, Truist Financial cut their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $2,025.00.
View Our Latest Report on MKL
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.
Further Reading
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