Diane Leopold Purchases 50 Shares of Markel Group (NYSE:MKL) Stock

Key Points

• Director Diane Leopold bought 50 shares of Markel Group at about $1,789.19 each, spending roughly $89,459.50. The purchase lifted her direct stake to 550 shares, a 10% increase in ownership.
• Leopold also made another purchase the day before, buying 100 shares at an average price of $1,792.61 for a total of $179,261.
• Markel Group’s shares were trading higher, but the company recently posted weaker-than-expected quarterly results, missing EPS and revenue estimates. Analyst sentiment remains cautious, with an overall Hold rating and a consensus price target of $2,025.

Markel Group Inc. (NYSE:MKL - Get Free Report) Director Diane Leopold bought 50 shares of Markel Group stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $1,789.19 per share, with a total value of $89,459.50. Following the completion of the transaction, the director directly owned 550 shares of the company's stock, valued at approximately $984,054.50. The trade was a 10.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Diane Leopold also recently made the following trade(s):

• On Wednesday, May 6th, Diane Leopold purchased 100 shares of Markel Group stock. The shares were acquired at an average price of $1,792.61 per share, for a total transaction of $179,261.00.

Markel Group Price Performance

NYSE MKL traded up $10.94 during trading hours on Friday, hitting $1,810.91. 73,024 shares of the company's stock traded hands, compared to its average volume of 56,106. The company has a market capitalization of $22.65 billion, a PE ratio of 13.05 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 52-week low of $1,719.41 and a 52-week high of $2,207.59. The firm's 50-day moving average is $1,931.50 and its 200-day moving average is $2,017.25.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.66 billion. Equities analysts forecast that Markel Group Inc. will post 113.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on MKL shares. Weiss Ratings cut Markel Group from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Markel Group from a "buy" rating to a "sell" rating in a research note on Saturday, May 2nd. Truist Financial reduced their price target on Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Brean Capital started coverage on Markel Group in a research note on Tuesday, March 24th. They issued a "neutral" rating and a $2,100.00 price objective for the company. Finally, Zacks Research lowered shares of Markel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $2,025.00.

Institutional Trading of Markel Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Canerector Inc. increased its holdings in shares of Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider's stock valued at $20,458,463,000 after acquiring an additional 10,698,016 shares during the last quarter. Norges Bank acquired a new position in Markel Group in the fourth quarter valued at approximately $317,583,000. Select Equity Group L.P. increased its stake in Markel Group by 75.9% in the second quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider's stock valued at $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers increased its stake in Markel Group by 11.1% in the fourth quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider's stock valued at $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Markel Group by 3,235.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider's stock worth $54,421,000 after purchasing an additional 24,557 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

About Markel Group

Markel Group NYSE: MKL is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.

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