Insider Buying: Markel Group Inc. (NYSE:MKL) CEO Buys 100 Shares of Stock

Markel Group Inc. (NYSE:MKLGet Free Report) CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Markel Group Stock Performance

MKL opened at $1,407.76 on Wednesday. The business’s 50-day moving average price is $1,420.61 and its two-hundred day moving average price is $1,446.15. Markel Group Inc. has a 1 year low of $1,186.56 and a 1 year high of $1,560.00. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 9.58 and a beta of 0.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Institutional Trading of Markel Group

Several hedge funds and other institutional investors have recently modified their holdings of MKL. Charles Schwab Investment Management Inc. grew its holdings in shares of Markel Group by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 52,254 shares of the insurance provider’s stock valued at $74,195,000 after acquiring an additional 1,527 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Markel Group during the fourth quarter worth about $510,000. Private Advisor Group LLC grew its holdings in Markel Group by 84.4% during the fourth quarter. Private Advisor Group LLC now owns 520 shares of the insurance provider’s stock worth $739,000 after purchasing an additional 238 shares during the period. Evergreen Wealth Management LLC grew its holdings in Markel Group by 1.8% during the fourth quarter. Evergreen Wealth Management LLC now owns 3,183 shares of the insurance provider’s stock worth $4,519,000 after purchasing an additional 55 shares during the period. Finally, National Bank of Canada FI grew its holdings in Markel Group by 91.0% during the fourth quarter. National Bank of Canada FI now owns 5,164 shares of the insurance provider’s stock worth $7,412,000 after purchasing an additional 2,461 shares during the period. Institutional investors and hedge funds own 76.96% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,680.00 to $1,500.00 in a research report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,475.00 price objective on shares of Markel Group in a research report on Friday, February 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Citigroup began coverage on Markel Group in a research note on Wednesday, November 22nd. They issued a “sell” rating and a $1,275.00 price target on the stock. Finally, Truist Financial cut their price target on Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus target price of $1,412.50.

Read Our Latest Research Report on MKL

About Markel Group

(Get Free Report)

Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. 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.

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Insider Buying and Selling by Quarter for Markel Group (NYSE:MKL)

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