Markel Group Inc. $MKL Shares Newly Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 293 shares of the insurance provider’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CHICAGO TRUST Co NA grew its position in Markel Group by 5.6% during the 1st quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 6 shares during the last quarter. Heartwood Wealth Advisors LLC increased its stake in Markel Group by 2.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock valued at $387,000 after purchasing an additional 6 shares in the last quarter. Sterling Investment Counsel LLC lifted its stake in shares of Markel Group by 8.6% during the first quarter. Sterling Investment Counsel LLC now owns 114 shares of the insurance provider’s stock worth $218,000 after buying an additional 9 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Markel Group by 0.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,080 shares of the insurance provider’s stock worth $2,322,000 after buying an additional 10 shares during the period. Finally, iA Global Asset Management Inc. grew its holdings in shares of Markel Group by 3.6% during the first quarter. iA Global Asset Management Inc. now owns 286 shares of the insurance provider’s stock valued at $547,000 after buying an additional 10 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MKL shares. Weiss Ratings lowered Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 17th. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wolfe Research started coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $2,025.00.

Markel Group Stock Performance

Shares of Markel Group stock traded down $11.90 during trading on Wednesday, hitting $1,726.43. 87,228 shares of the company’s stock were exchanged, compared to its average volume of 64,665. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $1,806.34 and a 200-day simple moving average of $1,862.99. Markel Group Inc. has a 52-week low of $1,704.17 and a 52-week high of $2,207.59. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 9.49 and a beta of 0.64.

Markel Group Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.