Trust Co. of Vermont Sells 56 Shares of Markel Group Inc. (NYSE:MKL)

Trust Co. of Vermont lowered its stake in Markel Group Inc. (NYSE:MKL) by 8.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 645 shares of the insurance provider’s stock after selling 56 shares during the period. Trust Co. of Vermont’s holdings in Markel Group were worth $1,012,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. UMB Bank n.a. lifted its stake in Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Markel Group during the 2nd quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Markel Group in the second quarter valued at about $55,000. GAMMA Investing LLC grew its position in Markel Group by 90.0% in the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after acquiring an additional 18 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Markel Group during the second quarter worth about $65,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham bought 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Stock Down 0.1 %

Shares of MKL opened at $1,592.00 on Friday. The stock’s 50-day moving average price is $1,563.87 and its two-hundred day moving average price is $1,561.25. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,670.24. The company has a market capitalization of $20.70 billion, a PE ratio of 8.60 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. On average, analysts anticipate that Markel Group Inc. will post 89.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Jefferies Financial Group upped their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Finally, Citigroup upped their target price on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,643.50.

Markel Group 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.