Trust Co. of Vermont Sells 15 Shares of Markel Group Inc. (NYSE:MKL)

Trust Co. of Vermont trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 630 shares of the insurance provider’s stock after selling 15 shares during the quarter. Trust Co. of Vermont’s holdings in Markel Group were worth $1,088,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp grew its position in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group in the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Markel Group in the third quarter worth about $42,000. Finally, UMB Bank n.a. boosted 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 valued at $44,000 after buying an additional 25 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.4 %

MKL stock opened at $1,776.14 on Friday. Markel Group Inc. has a twelve month low of $1,342.66 and a twelve month high of $1,809.11. The stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 8.19 and a beta of 0.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $1,727.94 and its two-hundred day simple moving average is $1,624.04.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. As a group, analysts anticipate that Markel Group Inc. will post 86.92 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. Royal Bank of Canada reduced their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,626.83.

Markel Group Company 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.