Canandaigua National Trust Co of Florida Cuts Stake in Markel Group Inc. (NYSE:MKL)

Canandaigua National Trust Co of Florida lessened its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 59.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114 shares of the insurance provider's stock after selling 169 shares during the period. Canandaigua National Trust Co of Florida's holdings in Markel Group were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. grew its stake in Markel Group by 300.0% in the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group during the fourth quarter worth about $36,000. McIlrath & Eck LLC grew its stake in shares of Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after acquiring an additional 26 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after acquiring an additional 6 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director now directly owns 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Trading Down 0.5%

Markel Group stock opened at $1,984.55 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 14.63 and a beta of 0.85. The stock has a 50-day moving average price of $1,900.54 and a 200 day moving average price of $1,840.36.

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.

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