Insider Selling: Markel Group Inc. (NYSE:MKL) Director Sells 90 Shares of Stock

Markel Group Inc. (NYSE:MKL - Get Free Report) Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director now directly owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Markel Group Price Performance

NYSE MKL traded up $28.84 during trading hours on Friday, hitting $1,938.20. The company had a trading volume of 221,539 shares, compared to its average volume of 50,947. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 9.74 and a beta of 0.84. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The firm has a 50 day simple moving average of $1,831.93 and a 200 day simple moving average of $1,808.08.

Institutional Trading of Markel Group

Several institutional investors and hedge funds have recently bought and sold shares of MKL. Sierra Ocean LLC bought a new position in shares of Markel Group in the first quarter worth $28,000. Cary Street Partners Investment Advisory LLC grew its position in Markel Group by 183.3% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock worth $32,000 after buying an additional 11 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Markel Group during the first quarter worth about $32,000. SBI Securities Co. Ltd. bought a new position in Markel Group in the 4th quarter worth about $36,000. Finally, FPC Investment Advisory Inc. purchased a new stake in shares of Markel Group in the 4th quarter valued at about $37,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MKL. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada upped 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 note on Friday, February 7th. Finally, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Markel Group has a consensus rating of "Hold" and a consensus target price of $1,727.75.

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.