Insiders Were Right: MKL Makes New 52-Week High
In trading on Thursday, shares of Markel Group Inc (Symbol: MKL) touched a new 52-week high of $1570.97/share. That's a 21.25% rise, or $275.32 per share from the 52-week low of $1295.65 set back on 11/02/2023. That means at today's intraday high, any investor who purchased MKL stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, MKL has seen 4 different instances of insiders buying over the trailing six month period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/03/2023 | Thomas Sinnickson Gayner | Chief Executive Officer | 100 | $1311.92 | $131,192.00 |
| 11/03/2023 | Mark Besca | Director | 50 | $1316.90 | $65,845.00 |
| 11/03/2023 | A. Lynne Puckett | Director | 76 | $1321.47 | $100,431.72 |
| 11/08/2023 | Lawrence A. Cunningham | Director | 21 | $1320.81 | $27,737.00 |
| 02/02/2024 | A. Lynne Puckett | Director | 72 | $1409.28 | $101,468.16 |
| 02/02/2024 | Lawrence A. Cunningham | Director | 30 | $1407.76 | $42,232.80 |
| 02/02/2024 | Thomas Sinnickson Gayner | Chief Executive Officer | 100 | $1414.74 | $141,474.00 |
The chart below shows where MKL has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Thursday, MKL shares are changing hands at $1557.72/share, slightly below the new 52-week high.
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