Simon Wilson Sells 75 Shares of Markel Group (NYSE:MKL) Stock

Markel Group Inc. (NYSE:MKL) CEO Simon Wilson sold 75 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total value of $155,470.50. Following the completion of the transaction, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Markel Group Trading Up 0.4%

NYSE MKL opened at $2,084.81 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,109.91. The business has a 50 day moving average price of $1,961.16 and a 200-day moving average price of $1,956.02. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 13.05 and a beta of 0.77.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $30.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $22.77 by $8.13. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.77 billion. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. As a group, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday. Cowen reiterated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus target price of $1,930.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Clearstead Trust LLC grew its position in Markel Group by 180.0% in the 2nd quarter. Clearstead Trust LLC now owns 14 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 9 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Markel Group during the 3rd quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock worth $32,000 after buying an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Markel Group in the first quarter valued at approximately $32,000. Finally, Chilton Capital Management LLC bought a new position in shares of Markel Group in the second quarter valued at approximately $32,000. 77.12% of the stock is owned by institutional investors.

Markel Group Company Profile

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.