Canandaigua National Trust Co of Florida Decreases Stock Holdings in Markel Group Inc. (NYSE:MKL)

Canandaigua National Trust Co of Florida lowered its position in Markel Group Inc. (NYSE:MKL - Free Report) by 59.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114 shares of the insurance provider's stock after selling 169 shares during the quarter. Canandaigua National Trust Co of Florida's holdings in Markel Group were worth $213,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Markel Group during the 4th quarter valued at about $254,795,000. GAMMA Investing LLC raised its position in Markel Group by 210,656.4% in the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after acquiring an additional 115,861 shares during the period. Proficio Capital Partners LLC bought a new stake in Markel Group during the 4th quarter worth approximately $169,852,000. Davis Selected Advisers lifted its holdings in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Markel Group in the 4th quarter worth approximately $98,743,000. Institutional investors own 77.12% of the company's stock.

Analysts Set New Price Targets

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Markel Group has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is currently owned by company insiders.

Markel Group Price Performance

Shares of NYSE MKL traded up $35.47 during midday trading on Thursday, reaching $1,997.21. 38,078 shares of the stock traded hands, compared to its average volume of 51,573. The stock has a market capitalization of $25.34 billion, a PE ratio of 14.72 and a beta of 0.84. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The company's 50 day moving average is $1,913.44 and its 200 day moving average is $1,844.71.

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.