Markel Group Inc. (NYSE:MKL) Director A. Lynne Puckett Acquires 72 Shares of Stock

Markel Group Inc. (NYSE:MKLGet Free Report) Director A. Lynne Puckett bought 72 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the transaction, the director now directly owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,407.76 on Wednesday. The firm has a market cap of $18.61 billion, a PE ratio of 9.58 and a beta of 0.70. The firm’s fifty day moving average is $1,420.61 and its 200-day moving average is $1,446.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a 52 week low of $1,186.56 and a 52 week high of $1,560.00.

Institutional Investors Weigh In On Markel Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Markel Group by 3.0% in the fourth 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 during the last quarter. Apollon Wealth Management LLC bought a new position in shares of Markel Group in the 4th quarter worth $510,000. Private Advisor Group LLC increased its holdings in shares of Markel Group by 84.4% in the 4th quarter. Private Advisor Group LLC now owns 520 shares of the insurance provider’s stock worth $739,000 after buying an additional 238 shares during the last quarter. Evergreen Wealth Management LLC increased its holdings in shares of Markel Group by 1.8% in the 4th quarter. Evergreen Wealth Management LLC now owns 3,183 shares of the insurance provider’s stock worth $4,519,000 after buying an additional 55 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Markel Group by 91.0% in the 4th quarter. National Bank of Canada FI now owns 5,164 shares of the insurance provider’s stock valued at $7,412,000 after purchasing an additional 2,461 shares in the last quarter. 76.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MKL. Citigroup began coverage on shares of Markel Group in a report on Wednesday, November 22nd. They issued a “sell” rating and a $1,275.00 target price on the stock. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,680.00 to $1,500.00 in a research note on Monday. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,475.00 price target on shares of Markel Group in a research report on Friday, February 2nd. Finally, Truist Financial dropped their target price on shares of Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,412.50.

Check Out Our Latest Stock Analysis on MKL

About Markel Group

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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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