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

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

Markel Group Price Performance

NYSE:MKL traded up $29.39 during trading hours on Tuesday, reaching $2,075.64. The stock had a trading volume of 47,279 shares, compared to its average volume of 53,078. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.59 and a current ratio of 0.59. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,109.91. The company has a 50 day moving average price of $1,954.82 and a two-hundred day moving average price of $1,953.90. The stock has a market capitalization of $26.17 billion, a PE ratio of 12.99 and a beta of 0.77.

Markel Group (NYSE:MKL) last announced its 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. Markel Group had a net margin of 12.99% and a return on equity of 7.91%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.77 billion. As a group, sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Institutional Trading of Markel Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Canerector Inc. boosted its stake in shares of Markel Group by 191,036.0% in the third quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the period. Select Equity Group L.P. purchased a new position in shares of Markel Group during the first quarter worth about $357,512,000. Norges Bank acquired a new stake in shares of Markel Group in the second quarter valued at approximately $288,361,000. Epoch Investment Partners Inc. increased its stake in Markel Group by 49.5% in the first quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock valued at $201,953,000 after purchasing an additional 35,786 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Markel Group in the 1st quarter valued at approximately $45,796,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Markel Group in a report on Monday. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,930.50.

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.