Trust Co. of Vermont Invests $1.18 Million in Markel Group Inc. $MKL

Key Points

• Trust Co. of Vermont acquired 605 shares of Markel Group valued at approximately $1.18 million during the second quarter. Institutional investors and hedge funds collectively own 77.12% of the company.
• Markel shares opened at $1,816.86, near the lower end of their 12-month range of $1,719.41 to $2,207.59. The stock has a market capitalization of $22.51 billion and trades at roughly 10 times earnings.
• Analyst sentiment remains cautious: five analysts rate MKL as a Hold and one as a Sell, producing an average rating of “Reduce” and an average price target of $2,025. A Markel director also recently sold shares worth approximately $140,396.

Trust Co. of Vermont purchased a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 605 shares of the insurance provider's stock, valued at approximately $1,182,000.

A number of other large investors have also recently added to or reduced their stakes in MKL. Fideuram Asset Management Ireland dac acquired a new stake in Markel Group during the fourth quarter worth $26,000. Reflection Asset Management purchased a new stake in Markel Group in the fourth quarter valued at $26,000. Basepoint Wealth LLC acquired a new position in shares of Markel Group in the 4th quarter valued at $32,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Markel Group during the 3rd quarter worth $29,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Markel Group during the 4th quarter worth $39,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,816.86 on Wednesday. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 9.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50-day moving average of $1,910.16 and a 200 day moving average of $1,925.90. Markel Group Inc. has a 12 month low of $1,719.41 and a 12 month high of $2,207.59.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 76 shares of Markel Group stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.08% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MKL. Wall Street Zen upgraded shares of Markel Group from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Wolfe Research started coverage on shares of Markel Group in a research note on Wednesday, July 1st. They set an "underperform" rating for the company. Truist Financial dropped their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Markel Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $2,025.00.

Markel Group Profile

Markel Group NYSE: MKL is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.

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