Markel Group Inc. (NYSE:MKL) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,833 shares of the insurance provider’s stock after selling 18 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Markel Group were worth $4,890,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp grew its holdings 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 worth $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Markel Group in the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the third quarter valued at approximately $42,000. Finally, UMB Bank n.a. boosted its position in Markel Group by 833.3% during 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 during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Markel Group Stock Performance

NYSE MKL opened at $1,776.14 on Friday. The business’s 50-day simple moving average is $1,727.94 and its 200-day simple moving average is $1,623.72. The firm has a market capitalization of $22.84 billion, a P/E ratio of 8.19 and a beta of 0.78. Markel Group Inc. has a 1-year low of $1,342.66 and a 1-year high of $1,809.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Equities analysts predict that Markel Group Inc. will post 86.92 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.