Markel Group (NYSE:MKL) Director Purchases $179,261.00 in Stock

Key Points

• Director Diane Leopold bought 100 shares of Markel Group on May 6 for about $179,261, and a second purchase of 50 shares followed on May 7. After the trades, her direct ownership rose to 2,190 shares.
• Markel Group shares were up 0.6% in Friday trading to $1,810.91, with volume above average. The stock remains well below its 52-week high of $2,207.59.
• The company recently reported weak quarterly earnings, posting EPS of -$18.90 versus expectations of $26.38 and revenue of $2.82 billion versus estimates of $3.66 billion. Analysts currently rate the stock a Hold on average.

Markel Group Inc. (NYSE:MKL - Get Free Report) Director Diane Leopold purchased 100 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the transaction, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 7th, Diane Leopold acquired 50 shares of Markel Group stock. The shares were bought at an average price of $1,789.19 per share, for a total transaction of $89,459.50.

Markel Group Trading Up 0.6%

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

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. bought a new position in shares of Markel Group in the fourth quarter worth about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group in the 4th quarter valued at approximately $26,000. Reflection Asset Management bought a new position in Markel Group in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Markel Group during the third quarter worth approximately $29,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Markel Group in the fourth quarter valued at approximately $32,000. Institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MKL shares. Brean Capital assumed coverage on Markel Group in a report on Tuesday, March 24th. They set a "neutral" rating and a $2,100.00 price target on the stock. Truist Financial decreased their price objective on Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a research report on Thursday, April 30th. 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 lowered shares of Markel Group from a "buy" rating to a "sell" rating in a research report on Saturday, May 2nd. Finally, Zacks Research cut shares of Markel Group from a "strong-buy" rating to a "hold" rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Markel Group has an average rating of "Hold" and an average target price of $2,025.00.

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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