Markel Group Inc (NYSE: MKL) is 2.77% higher on its value in year-to-date trading and has touched a low of $1342.66 and a high of $1809.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MKL stock was last observed hovering at around $1769.04 in the last trading session, with the day’s gains setting it 5.03%.
Currently trading at $1774.07, the stock is 3.06% and 3.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 0.28% at the moment leaves the stock 10.85% off its SMA200. MKL registered 24.80% gain for a year compared to 6-month gain of 9.98%. The firm has a 50-day simple moving average (SMA 50) of $1717.9098 and a 200-day simple moving average (SMA200) of $1600.3691.
The stock witnessed a 2.87% loss in the last 1 month and extending the period to 3 months gives it a 12.64%, and is 6.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 1.80% over the month.
Markel Group Inc (MKL) has around 21600 employees, a market worth around $22.82B and $17.42B in sales. Current P/E ratio is 8.18 and Fwd P/E is 18.30. Profit margin for the company is 16.35%. Distance from 52-week low is 32.13% and -1.94% from its 52-week high. The company has generated returns on investments over the last 12 months (13.33%).
The EPS is expected to grow by 38.92% this year.
Markel Group Inc (MKL) Top Institutional Holders
1054.0 institutions hold shares in Markel Group Inc (MKL), with institutional investors hold 80.50% of the company’s shares. The shares outstanding are 12.89M, and float is at 12.61M with Short Float at 1.18%. Institutions hold 78.91% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.16 million shares valued at $1.83 billion. The investor’s holdings represent 8.836% of the MKL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.75 million shares valued at $1.18 billion to account for 5.7092 of the shares outstanding. The other top investors are PRINCIPAL FINANCIAL GROUP INC which holds 0.56 million shares representing 4.2304% and valued at over $875.68 million, while MORGAN STANLEY holds 3.9305 of the shares totaling 0.52 million with a market value of $813.59 million.
Markel Group Inc (MKL) Insider Activity
The most recent transaction is an insider purchase by GAYNER THOMAS SINNICKSON, the company’s Chief Executive Officer. SEC filings show that GAYNER THOMAS SINNICKSON bought 100 shares of the company’s common stock on Nov 01 ’24 at a price of $1549.72 per share for a total of $0.15 million. Following the purchase, the insider now owns 48890.0 shares.
Markel Group Inc disclosed in a document filed with the SEC on Aug 05 ’24 that Cunningham Lawrence A (Director) bought a total of 20 shares of the company’s common stock. The trade occurred on Aug 05 ’24 and was made at $1512.50 per share for $30250.0. Following the transaction, the insider now directly holds 743.0 shares of the MKL stock.
Still, SEC filings show that on Aug 02 ’24, Cunningham Lawrence A (Director) acquired 10 shares at an average price of $1550.00 for $15500.0. The insider now directly holds 723 shares of Markel Group Inc (MKL).
