Thomas Sinnickson Gayner Buys 100 Shares of Markel Group Inc. (NYSE:MKL) Stock

Markel Group Inc. (NYSE:MKL - Get Free Report) CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares of the company's stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Markel Group Stock Performance

NYSE MKL traded down $44.03 during trading hours on Tuesday, hitting $1,946.60. 95,605 shares of the stock were exchanged, compared to its average volume of 74,911. The company has a market cap of $25.03 billion, a price-to-earnings ratio of 9.78 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock has a 50-day moving average of $1,770.65 and a 200 day moving average of $1,656.41. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, equities research analysts forecast that Markel Group Inc. will post 97.92 earnings per share for the current year.

Hedge Funds Weigh In On Markel Group

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of Markel Group by 16.0% in the 2nd quarter. Cetera Investment Advisers now owns 1,453 shares of the insurance provider's stock valued at $2,289,000 after acquiring an additional 200 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Markel Group during the 2nd quarter worth $65,000. Atomi Financial Group Inc. purchased a new stake in Markel Group during the 3rd quarter worth $428,000. CWM LLC increased its stake in Markel Group by 16.3% during the 3rd quarter. CWM LLC now owns 250 shares of the insurance provider's stock worth $392,000 after buying an additional 35 shares during the period. Finally, Marcum Wealth LLC increased its stake in Markel Group by 7.3% during the 3rd quarter. Marcum Wealth LLC now owns 177 shares of the insurance provider's stock worth $278,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

MKL has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research report on Friday. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,685.17.

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.