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

Markel Group Inc. (NYSE:MKLGet Free Report) CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Markel Group Trading Up 0.5 %

Shares of MKL traded up $6.39 during mid-day trading on Monday, reaching $1,418.80. 91,624 shares of the company’s stock traded hands, compared to its average volume of 55,195. The stock has a market cap of $18.76 billion, a P/E ratio of 9.65 and a beta of 0.70. The stock’s 50-day moving average is $1,421.01 and its two-hundred day moving average is $1,446.23. Markel Group Inc. has a 12 month low of $1,186.56 and a 12 month high of $1,560.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MKL. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,475.00 target price on shares of Markel Group in a report on Friday. Jefferies Financial Group cut Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,680.00 to $1,500.00 in a research note on Monday. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Citigroup started coverage on Markel Group in a research note on Wednesday, November 22nd. They set a “sell” rating and a $1,275.00 price objective on the stock. Finally, Truist Financial reduced their price objective 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 investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $1,412.50.

Get Our Latest Stock Analysis on MKL

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MKL. Asset Dedication LLC boosted its holdings in shares of Markel Group by 72.7% in the second quarter. Asset Dedication LLC now owns 19 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 8 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Markel Group by 50.0% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 7 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Markel Group by 150.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 12 shares during the period. Lee Financial Co purchased a new stake in Markel Group during the second quarter worth $30,000. Finally, GAMMA Investing LLC purchased a new stake in Markel Group during the fourth quarter worth $30,000. Institutional investors own 76.96% of the company’s stock.

Markel Group Company Profile

(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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