Trust Co. of Vermont Has $1.01 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Trust Co. of Vermont lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 8.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645 shares of the insurance provider’s stock after selling 56 shares during the quarter. Trust Co. of Vermont’s holdings in Markel Group were worth $1,012,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MKL. UMB Bank n.a. boosted its holdings in Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Markel Group in the 2nd quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Markel Group during the 2nd quarter valued at $55,000. GAMMA Investing LLC raised its holdings in Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after buying an additional 18 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Markel Group in the second quarter valued at $65,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of analyst reports. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen started coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Jefferies Financial Group increased their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup lifted their price objective on shares of 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,592.00 on Friday. The firm has a market capitalization of $20.70 billion, a P/E 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. The business’s fifty day simple moving average is $1,563.87 and its 200 day simple moving average 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.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion during 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%. As a group, analysts anticipate that Markel Group Inc. will post 89.94 EPS for the current year.

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.