Markel Group Inc. (NYSE:MKL) Director Lawrence A. Cunningham Buys 20 Shares

Markel Group Inc. (NYSE:MKL) Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Markel Group Stock Down 0.5 %

MKL opened at $1,496.85 on Thursday. The firm has a 50-day simple moving average of $1,579.59 and a two-hundred day simple moving average of $1,531.46. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company has a market capitalization of $19.46 billion, a PE ratio of 8.08 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of Markel Group during the 4th quarter valued at about $18,145,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Markel Group by 2.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock valued at $48,412,000 after acquiring an additional 888 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Markel Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after acquiring an additional 359 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Markel Group by 89.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 835 shares of the insurance provider’s stock valued at $1,270,000 after acquiring an additional 395 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MKL shares. TD Cowen started coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Finally, Truist Financial upped their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,626.83.

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.