Massmutual Trust Co. FSB ADV Has $558,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Massmutual Trust Co. FSB ADV trimmed its position in Markel Group Inc. (NYSE:MKL) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354 shares of the insurance provider’s stock after selling 23 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Markel Group were worth $558,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale raised its holdings in Markel Group by 4.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,735 shares of the insurance provider’s stock worth $2,631,000 after buying an additional 66 shares during the period. Aurora Investment Counsel raised its holdings in shares of Markel Group by 3.0% in the first quarter. Aurora Investment Counsel now owns 833 shares of the insurance provider’s stock valued at $1,267,000 after purchasing an additional 24 shares during the last quarter. Boston Partners raised its holdings in shares of Markel Group by 36.7% in the first quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after purchasing an additional 57,528 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Markel Group in the first quarter valued at approximately $545,000. Finally, Cetera Investment Advisers raised its holdings in shares of Markel Group by 172.4% in the first quarter. Cetera Investment Advisers now owns 1,253 shares of the insurance provider’s stock valued at $1,906,000 after purchasing an additional 793 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Truist Financial raised their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Finally, Citigroup raised their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,626.83.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares of the company’s stock, valued at $1,027,606.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the completion of the transaction, the director now owns 634 shares of the company’s stock, valued at $1,027,606.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

MKL stock traded down $7.73 during midday trading on Tuesday, reaching $1,504.03. 46,868 shares of the company were exchanged, compared to its average volume of 45,416. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.61. The business has a 50-day moving average price of $1,583.65 and a two-hundred day moving average price of $1,530.47. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 8.22 and a beta of 0.73.

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.