Trust Co. of Vermont Has $1.11 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Trust Co. of Vermont lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 13.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 701 shares of the insurance provider’s stock after buying an additional 84 shares during the quarter. Trust Co. of Vermont’s holdings in Markel Group were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKL. GAMMA Investing LLC bought a new position in shares of Markel Group in the fourth quarter worth $30,000. Blue Trust Inc. increased its position in shares of Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 12 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Markel Group in the second quarter worth $55,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Markel Group in the fourth quarter worth $57,000. Finally, Evermay Wealth Management LLC bought a new position in Markel Group in the first quarter valued at about $75,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MKL. Truist Financial lifted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Citigroup lifted their target price on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada lifted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,626.83.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction that occurred on 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 transaction, the director now directly 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 is available through this hyperlink. In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 directly owns 634 shares in the company, valued at $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

Markel Group Trading Down 0.2 %

Shares of Markel Group stock traded down $3.33 during midday trading on Tuesday, reaching $1,508.43. The company had a trading volume of 52,962 shares, compared to its average volume of 45,416. The stock has a fifty day moving average price of $1,581.52 and a 200 day moving average price of $1,531.03. 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 firm has a market cap of $19.61 billion, a PE ratio of 8.12 and a beta of 0.73. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

About Markel Group

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.